Entrepreneur
What will be an ideal response?
Someone who brings together and other three resources and produces something (a good or a service)
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All else constant, an increase in the level of competition among firms would be expected to reduce the amount of X-inefficiency that exists in a particular industry
Indicate whether the statement is true or false
On the expiration date of a futures contract, the price of the contract converges to the
A) purchase price of the contract. B) average price over the life of the contract. C) price of the underlying asset. D) average of the purchase price and the price of the underlying asset.
Which of the following events will cause a leftward shift in the supply curve of gasoline?
A) A decrease in the price of gasoline B) An increase in the wage rate of refinery workers C) Decrease in the price of crude oil D) An improvement in oil refining technology E) all of the above
The Federal Reserve makes decisions regarding:
A. fiscal policy only. B. structural policy only. C. monetary and fiscal policy. D. monetary policy only.