An advisory council meets to chart a financial course for their country. If they want to see economic growth in the future, what should they do?
a. Spend more money on wages now.
b. Produce more consumption goods.
c. Produce more capital goods.
d. Cut education spending.
c. Produce more capital goods.
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In the long run in a perfectly competitive market:
A. firms earn positive economic profits. B. supply is perfectly inelastic when all firms have the same cost structure. C. firms operate at an efficient scale. D. All of these are true.
A tax of a specific absolute sum, say $100, levied on every person or every household is known as a(n)
a. excise tax b. sales tax c. external tax d. duty e. poll tax
To build a business for the future requires the ability to think in abstract terms and to see "the big picture" to keep everyone on track toward fulfilling it. This best describes which of the following management skills?
A. Technical skills B. Communication skills C. Interpersonal skills D. Analytic skills E. Conceptual skills
________ refer to the money that insurance policyholders pay when making claims
A) Dividends B) Deductibles C) Copayments D) Coupons