A straight-line production possibilities curve takes this shape because
A) the opportunity cost of producing a good is constant.
B) the opportunity cost of producing more of a good is decreasing.
C) resources are better suited for producing one output than another.
D) resources are fixed.
Answer: A
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A corporation is liable to pay to bondholders the
A. current interest rate in the bond market. B. current yield on the particular bond. C. coupon rate on the bond. D. yield on the bond at maturity.
Which act of Congress declared tying contracts, exclusive dealing, and price discrimination illegal?
a. the Wheeler-Kefauver Act b. the Sherman Antitrust Act c. the Clayton Act d. the Wheeler-Lea Act e. the Celler-Kefauver Anti-Merger Act
An increase in personal saving as a percentage of disposable income contributes to capital deepening
Indicate whether the statement is true or false
Market failure results in
A. economic collapse. B. no goods being produced. C. Pareto efficiency. D. lost surplus.