An example of human capital is the purchase of a computer to help accountants
a. True
b. False
Indicate whether the statement is true or false
False
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If we compare the four sources of spending in the economy we see that
A) household consumption is the smallest. B) government expenditure is the largest. C) business investment is the largest. D) household consumption is the largest.
A corporation is a firm owned by
A) two or more owners who have unlimited liability. B) a single owner who has unlimited liability. C) at least 20 stockholders who have partially limited liability. D) stockholders who have limited liability.
The main component of the monetary union created by the Treaty of Maastricht is a(n)
A. single currency. B. gold standard. C. bilateral barter system of currencies. D. unified stock market.
In order to discourage consumers from consuming sugary soft drinks, the government is considering placing a tax on sugary soft drink sales. Which of the following statements is true?
A. Given the numerous alternatives, consumers' demand for sugary soft drinks is relatively elastic and the tax will likely work to discourage sugary soft drink consumption. B. The tax on sugary soft drinks will likely decrease the demand for sugar-free soft drinks. C. The tax on sugary soft drinks will likely raise considerable revenue, but will be unlikely to reduce the consumption of sugary soft drinks by consumers. D. Taxes do not discourage consumers from consuming products.