A. corporately owned businesses to individuals
B. publicly held stock to private individuals.
C. government businesses to the private sector
D. privately owned businesses to the government sector
A. All costs are fixed in the short run.
B. All costs are variable in the long run
C. All costs are variable in the short run
D. All costs are fixed in the long run
A. In 1990 the world had 98 mainline phones and 2 mobile phones per 1,000 people: in 2001 169 mainline and 153 mobiles per 1000
B. Mobile phones do not require the massive infrastructure investment that mainline telephone require
C. In 2001 the World information technology expenditures were about 1/20 of 1% of world gross investment
D. In 2001 internet users per 1000 people in middle income countries were greater than high income countries
A. Demand is perfectly elastic
B. Products are homogeneous
C. Marginal revenue = price
D. The marginal revenue is below the demand curve and diverges
A. price = average cost = marginal cost
B. price = average cost = total cost
C. price = marginal cost = total cost
D. Total revenue = Total variable cost
A. price elastic
B. none of these answers
C. unit price elastic
D. price inelastic
A. pass through
B. absorption
C. adjustment mechanism
D. currency contract period
A. could either increase or decrease
B. decrease
C. increase
D. remain the same, as long as bank hold no excess reserves
A. exchange rate
B. balance of trade
C. terms of trade
D. currency valuation
A. specific
B. Direct
C. Ad valorem
D. Excise duty