Households interact with business firms by:
a. buying resource services from business firms.
b. paying wages for the use of labor.
c. selling goods and services to firms.
d. receiving payments from firms for use of resource services.
e. paying rent to firms for the use of land.
d
Economics
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When exchange rates are not in alignment, traders see opportunities for ___ , which move the rates ___ equilibrium.
a. speculation; away from b. arbitrage; toward c. investments; away from d. liquidation; toward
Economics
The four largest firms in an industry account for the following value of industry revenues: 12 percent, 8 percent, 5 percent and 4 percent. Calculate the four-firm concentration ratio. Would this industry be regarded as competitive or concentrated?
What will be an ideal response?
Economics