Monopolies may be the only firms large enough to commercially produce a significantly innovative new product
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following fiscal policy changes would be the most contractionary?
A. A $40 billion increase in taxes B. A $20 billion increase in taxes and a $20 billion cut in government purchases C. A $30 billion increase in taxes and a $10 billion cut in government purchases D. A $10 billion increase in taxes and a $30 billion cut in government purchases
A graph of total fixed cost
a. is a downward sloping line. b. is a straight horizontal line. c. is an upward sloping line. d. has a U-shape.
You are putting together a portfolio of assets. The four most important characteristics of the assets you will choose are expected return, time to maturity,
A) risk, and liquidity. B) risk, and collateral C) risk, and reward. D) liquidity, and standard issue size.
Which of the following illustrates the concept of a negative externality?
a. A college professor plays a vigorous game of racquet ball with the racquet he recently purchased. b. A flood wipes out a farmer's corn crop. c. A college student plays loud music on his new stereo system at 2:00 a.m. d. A janitor eats a hamburger during his lunch break.