Empirical evidence shows that prices are sticky ________
A) in all sectors of the economy
B) in hardly any sectors of the economy
C) except in response to changes within individual markets
D) all of the above
E) none of the above
C
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Refer to Table 18-1. Use the information in the table to prepare a balance of payments account and find the value of the statistical discrepancy. Assume that the balance on the capital account is zero
What will be an ideal response?
A patient has a medical condition, but he doesn't know what it is. The physician he sees diagnoses his illness correctly. What term applies to this situation?
a. Principle-agent problem. b. Rational ignorance. c. Externalities. d. Asymmetric information e. The substitution effect.
Which of the following is a disadvantage that proprietorships face and corporations do not?
a. company size too big to manage effectively b. access to familiar and even family labor c. owners' control over day-to-day operations d. double taxation e. unlimited liability
Proprietary income refers to:
A. revenue flowing to the government from taxes. B. money borrowed by the government to finance its operations. C. revenue generated by government-run businesses. D. transfer payments from the government to the owners of property resources.