A monopoly firm always devotes some of its profits to research
a. True
b. False
Indicate whether the statement is true or false
False
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Explicit costs:
A. are variable in the short run. B. measure the opportunity costs of the resources supplied by the firm's owners. C. measure the payments made to the firm's factors of production. D. are fixed in the short run.
Holding constant risk and the real returns available abroad, lower domestic real interest rates ________ capital inflows, ________ capital outflows, and ________ net capital inflows.
A. decrease; increase; decrease B. increase; increase; decrease C. increase; decrease; increase D. increase; increase; increase
Which of the following is an example of risk diversification?
A) an individual purchasing only IBM stock B) an insurance company writing earthquake insurance only for the Los Angeles area C) an individual investing all of her savings in a single, new firm D) a lumber mill purchasing trees from various forests across the western United States
Refer to Table 8-27. What is the level of disposable personal income for this economy?
A) $1,080 billion B) $1,010 billion C) $980 billion D) $860 billion