Corporations make up ________ percent of all U.S. businesses, and corporate sales make up ________ percent of all business sales
a. 89; 20
b. 25; 75
c. 19; 83
d. 83; 15
c
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Changes in factors of production that influence economic growth will
A. shift SRAS but not LRAS. B. shift SRAS and LRAS.
If the managers of your firm have bounded rationality, then
A) the firm should fire them and hire more competent managers. B) a Nash equilibrium does not exist. C) they are limited in their ability to calculate and may not succeed in maximizing profits. D) it is not possible to maximize profits.
A permanent marginal tax decrease is likely to
A) shift the short-run aggregate supply curve to the left and the long-run aggregate supply curve to the right. B) shift both the short-run and the long-run aggregate supply curves to the left. C) shift the short-run aggregate supply curve to the right, and the long-run aggregate supply curve to the left. D) shift both the short run and the long run aggregate supply curves to the right.
Specialization increases total world output.
Answer the following statement true (T) or false (F)