Which is (are) NOT defined as barriers to entry?
I). Patents
II). Monopolies
III). Government licensing
IV). Economies of scale
V. Market forces
VI). Defects
Andrea Palmer has saved 25,000 in her bank account. She is thinking of moving it to a money market account that pays a fixed 3.75% stated annual rate, compounded monthly. If Andrea continues to save 600 per month for the next three years, every month-end from her salary, how much money will she have after three years?
Crowding-out effect implies that an expansionary fiscal policy will have following result(s):
I). higher real interest rate.
II). higher nominal interest rate.
III). higher dollar value in foreign exchange market.
IV). increased net exports.
A coefficient of skewness of +2.48 indicates:
I). the mean is larger than the median
II). a large positive skewness
III). the tail of the distribution is to the right
Good Z is priced on Market #1 at $150. The same good is priced on Market #2 at $125. Which of the following describe(s) the process that will eliminate the arbitrage profit?
I). Investors will purchase Good Z on Market #1 and drive the price up
II). Investors will purchase Good Z on Market #2 and drive the price up
III). Investors will sell Good Z on Market #1 and drive the price down
