Individual investors wishing to buy shares of stock in a company will typically purchase them from
A. venture capital firms.
B. the company.
C. an initial public offering.
D. stockbrokers.
Answer: D
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The value added by any firm equals the firm's ________ from selling the product minus ________.
A. revenue; the cost of inputs purchased from other firms B. profits; the cost of inputs purchased from other firms C. profits; labor expenses D. revenue; labor expenses
Distorting taxes can invalidate Ricardian equivalence because
A) they confuse consumers about the need for government to repay its debt. B) alternative ways of collecting the same tax revenue produce different amounts of lost welfare. C) they are inferior to lump-sum taxes. D) they are more popular, politically, than lump-sum taxes.
The MRP of labor will shift to the right if
A) labor productivity increases. B) labor productivity decreases. C) wages increase. D) wages decrease.
Before considering any public project, the government should (i) compare the total cost and total benefits of the project. (ii) conduct a cost-benefit analysis. (iii) infer that citizens who vote for a project are willing to pay equally for it
a. (i) only b. (ii) only c. (i) and (ii) only d. (i), (ii), and (iii)