For a perfectly competitive firm facing the short-run break-even price
A) it has a negative accounting profit.
B) it has an economic profit of zero.
C) it should shut down.
D) it should expand production.
Answer: B
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If a bond offers $2,000 in interest payments at the end of each of next 5 years and a repayment of $10,000 also at the end of the 5 years and the current discount rate is 3 percent, what is the market price for the bond?
A) $12,874 B) $18,256 C) $7,593 D) $17,786
Currently about what percentage of the civilian labor force is unionized in the United States?
A) 6 percent B) 12 percent C) 30 percent D) 70 percent
Sunk costs can be controlled after they are paid
Indicate whether the statement is true or false
The basic purpose of financial markets is:
A. sell commodities to firms as inputs. B. match people who want money to spend now with people who want to save their money for later. C. buy commodities from firms and the government to sell to the public. D. buy and sell different currencies in order to make a profit.