Which of the following is a source of market failure?
A) an inequitable income distribution
B) unforeseen circumstances which leads to the bankruptcy of many firms
C) a lack of government intervention in a market
D) incomplete property rights or inability to enforce property rights
D
Economics
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Using the Gordon growth model, if D1 is $.50, ke is 7%, and g is 5%, then the present value of the stock is
A) $2.50. B) $25. C) $50. D) $46.73.
Economics
The equation of exchange states that the quantity of money multiplied by the velocity of money equals: a. real Gross Domestic Product
b. the price level. c. nominal Gross Domestic Product. d. the turnover rate. e. the demand for money.
Economics