To maximize profits, a firm should expand production as long as it is making profits.
Answer the following statement true (T) or false (F)
False
To maximize profits, a firm should expand production as long as its price is greater than its marginal cost.
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All of the following are sources of comparative advantage except
A) technology. B) climate and natural resources. C) a strong foreign currency exchange rate. D) relative abundance of labor and capital.
Economic growth is measured by the: a. advancement in the quality of a nation's technology
b. rate of business investment and capital formation. c. annual percentage change in per capita real output of goods and services. d. marginal change in nominal output divided by total output from the previous year.
The holder of a corporate bond
a. receives a guaranteed dividend payment each year b. can vote at shareholder meetings c. can vote only for the board of directors at shareholder meetings d. is a part owner of the business e. receives, at most, a stated interest payment on the investment
Between 1998 and 2001, the federal budget was:
a. never in surplus. b. never in deficit. c. in surplus. d. in surplus about as often as it was in deficit.