In 2002, the Enron corporation was accused of falsifying information regarding liabilities on Enron's balance sheets, thereby
A) reducing Enron's profit on the balance sheet.
B) increasing Enron's net worth on the balance sheet.
C) reducing Enron's net income on the income statement.
D) increasing Enron's assets on the balance sheet.
B
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Total fixed cost
A. varies with the level of output. B. has a downward-sloping curve. C. has an upward-sloping curve. D. is constant at all levels of output.
The increase in the trade deficit in the 1980's reflected a decrease in national saving that is associated with an increase in the government budget deficit
a. True b. False Indicate whether the statement is true or false
In general, someone who values a lottery at LESS than its expected value is
A. risk loving (a.k.a. "risk seeking") B. risk neutral C. risk averse (a.k.a. "risk avoiding")
In Figure 9.6, if full employment occurs at QA, then aggregate demand is
A. Too small, causing an inflationary gap. B. Just right, causing no cyclical unemployment. C. Too great, causing a recessionary gap. D. Too great, causing an inflationary gap.