When we believe the best result will come from the decision we have made, we are being:
A. gullible.
B. short-sighted.
C. rational.
D. considerate.
C. rational.
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Estimates of the effect of the user cost on investment vary greatly.
A. True B. False C. Uncertain
In the short-run, a firm's decision to shut-down should not take into consideration
a. Avoidable costs b. Variable costs c. Fixed costs d. Marginal costs
The decision to enter or exit an industry is known as the
A. Production decision. B. Profit maximization decision. C. Investment decision. D. Output decision.
Keynes thought that the key to determining the broader economic effects of investment fluctuations
A. was to closely regulate the real interest rate. B. was to understand how changes in the money supply influences consumption decisions. C. was to understand the relationship between how much people earn and their willingness to engage in personal consumption spending. D. was to examine how businesses react to flexible prices and wages.