When a firm earns a normal rate of return, it
A. should shut down.
B. breaks even.
C. earns a profit.
D. suffers a loss.
Answer: B
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Unemployment caused by changes in technology is called ________ unemployment
A) structural B) frictional C) techno D) cyclical
The demand for sirloin steak is probably more elastic than the demand for all meat because
A) steak is very expensive. B) people are worried about cholesterol. C) cattle raising is not very profitable. D) there are more substitutes for sirloin steak than for all meats.
Some financial institutions are classified as depository institutions based on: a. the way they acquire funds
b. the number of customers they have. c. the number of loans they make. d. the size of the loans they make. e. the amount of reserves they hold.
The relationship between aggregate expenditures and disposable income is shown by the: a. aggregate expenditures curve
b. consumption function. c. investment curve. d. saving-disposable personal income curve.