Diversification can reduce firm-specific risk
a. True
b. False
Indicate whether the statement is true or false
True
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M1
A) is the sum of currency plus traveler's checks. B) is the narrowest definition of the money supply. C) includes credit cards. D) includes small time deposits.
A production function: a. shows the relationship between a firm's costs and revenues
b. shows the relationship between production and profits. c. shows the relationship between inputs and the maximum output that can be produced from those inputs. d. shows the relationship between variable inputs and fixed inputs.
Which type of firm has no control over its price?
A. price setter B. price maker C. zero price setter D. price taker
If all income is consumed in a year, then
A. income next year will increase. B. investment spending will increase. C. any investment spending will be done by the government. D. investment spending will be zero.