Institution that is established to benefit society and is operated like a business:
a. trade association
b. nonprofit organization
c. producer cooperative
d. limited partnership
Ans: b. nonprofit organization
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Assume that you are the owner of a small bakery in your home town. Which of the following would be a variable cost of production in the short run?
A. Baking ovens B. The interest on business loans C. Baking supplies (flour, salt, etc.) D. The annual lease payment for use of the building
A reduction in net exports shifts the aggregate
A. demand curve inward. B. demand curve outward. C. supply curve outward. D. supply curve inward.
During the 20th century, the highest savings rates in the U.S. were observed during
A) the Great Depression. B) World War II. C) the late 1980s and 1990s. D) none of the above.
If the U.S. government's borrowing needs increase, all other factors constant the:
A. supply of bonds will increase. B. supply of bonds and the demand for bonds will both increase. C. demand for bonds will decrease. D. price of bonds will increase.