The basic tools of supply and demand are central to microeconomic analysis but are of little use to macroeconomics
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Authorization to start a business issued by the local government:
a. license b. dividend c. liability d. stock e. bill of attainer
Economics
Why do opportunity costs increase as society produces more of a good?
What will be an ideal response?
Economics
If the four-firm concentration ratio in an oligopolistic industry is 100 percent and each firm has an equal percentage of sales, the Herfindahl index is:
A. 10,000. B. 2,500. C. 3,750. D. 1,000.
Economics
The owner or owners control the day-to-day activities of which of the following types of business?
A) corporations and partnerships B) partnerships and sole proprietorships C) sole proprietorships and corporations D) only corporations
Economics