If you want a say in the management of a corporation, you should buy
A) common stock.
B) preferred stock.
C) bonds.
D) either bonds or preferred stock.
Answer: A
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At the start of a cost-push inflation,
A) the price level rises and real GDP does not change. B) the price level remains constant and real GDP increases. C) the price level rises and real GDP decreases. D) the price level remains constant and real GDP decreases. E) the price level and real GDP both increase.
Which of the following goods is more likely to be excludable?
A) a chocolate bar B) a concert at Times Square C) national defense D) ocean breeze
Ellie and John sell pizzas in a small town. Ellie is willing to sell 14 pizzas when the price is $10 per pizza, but only 13 pizzas when the price is $8 per pizza. John, on the other hand, is willing to sell 19 pizzas when the price per pizza is $10, but only 17 pizzas when the price is $6 per pizza. At $10 per pizza, the market quantity supplied is equal to _____
a. 31 b. 32 c. 33 d. 29
If a firm in a perfectly competitive market faces the cost curves in the graph shown, which of the following is true? The firm:
A. if it produces at profit-maximizing level of output it will make positive profits when price is higher than $11. B. will shut down if market price is below $15, but above $11. C. if it produces at profit-maximizing level of output it will make positive profits when price is higher than $15. D. should always produce at least 43 units in order to maximize profits.