In the late 1990s, the stock market bubble ________ the value of Tobin's q, and caused ________ in business equipment

A) increased; underinvestment
B) increased; overinvestment
C) decreased; underinvestment
D) decreased; overinvestment

B

Economics

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In the figure above, the Lorenz curve that shows the richest 20 of households percent receiving 60 percent of all income is

A) curve A. B) curve B. C) curve C. D) curve D.

Economics

If the price elasticity of demand for U.S. automobiles is higher in Europe than it is in the United States, and transport costs are zero, a price-discriminating monopolist would charge

A) the same price for autos in the United States as in Europe. B) a lower price for autos in the United States than in Europe. C) a higher price for autos in the United States than in Europe. D) a less profitable price for autos in the United States than in Europe.

Economics