Tobin's q is
A) the ratio of a firm's market value on the stock and bond markets to the replacement cost of its capital stock.
B) the ratio of a firm's gross investment to its capital stock less its replacement cost of capital.
C) a firm's replacement cost of capital less its value on the stock and bond markets.
D) the ratio of a firm's replacement cost of capital to its gross investment.
A
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Which of the following is true if marginal costs increase at a slow rate as output increases? a. The short-run aggregate supply curve is relatively steep. b. The short-run aggregate supply curve becomes vertical
c. The short-run aggregate supply curve is relatively flat. d. The long-run aggregate supply curve becomes horizontal. e. The long-run aggregate supply curve becomes downward sloping.
The mutually understood standards that people follow from experience are called norms
Indicate whether the statement is true or false