Spending on R&D among a group of firms is equally likely to increase or to decrease
a. True
b. False
Indicate whether the statement is true or false
False
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A firm's rent is a fixed cost. If the rent increases, then in the figure above ________ upward
A) only curve A shifts B) only curve B shifts C) only curve C shifts D) both curves A and C shift E) both curves B and C shift
In what way can the stock market affect the overall economy?
A) It's an important source of funds for corporations. B) It can affect consumer and business sentiment. C) It is an important factor affecting consumer wealth and thus consumer spending. D) All of the above
If Tom threatens to tell, what would Sarah's best response be?
a. Hit b. Not hit c. Run d. Hide
The Smith family buys much more macaroni when someone in the family is laid off. This means that the Smiths' ____ is negative
a. demand curve for macaroni b. income elasticity for macaroni c. Engel's law d. income e. price elasticity of demand for macaroni