Which of the following would increase the supply of laptop computers?
a. higher wage rates for the workers that produce laptop computers
b. a technological improvement that lowers the cost of producing laptop computers
c. an increase in the price of computer chips used to produce laptop computers
d. all of the above
B
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A firm should be transparent, meaning
a. the windows at headquarters should be cleaned regularly b. if executives lie during a stockholder meeting, people should be able to see right through them c. someone should be able to look at the books and the balance sheet and tell exactly what's going on d. None of the answers is correct e. All of the answers are correct
Which of the following products witnessed a high growth in the number of producers within a few years of market introduction, but was followed by a fast and substantial shakeout?
a. Tortilla b. Penicillin c. Livestock d. Fastfood
Behavioral economists attempt to take into account predictably irrational behavior.
Answer the following statement true (T) or false (F)
An argument that comes up from time to time is that credit unions have an advantage over other financial depository institutions in the sense that they are non-profit institutions and, therefore, are exempt from taxes on income that other private depository institutions pay. As a result, credit unions may be able to charge lower rates of interest to borrowers and pay a higher rate to depositors than these other institutions. What do you think of this argument?
What will be an ideal response?