which federal reserve bank president is always on the federal open market committee
What will be an ideal response?
New York
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The term "opportunity cost" points out that
A) there may be such a thing as a free lunch. B) not all individuals will make the most of life's opportunities because some will fail to achieve their goals. C) executives do not always recognize opportunities for profit as quickly as they should. D) any decision regarding the use of a resource involves a costly choice.
If one firm has 80 percent of industry sales, while the remaining four firms share the other 20 percent of sales, then we can conclude that this is a(n)
a. monopoly b. price-taker market c. low concentration ratio industry d. balanced oligopoly e. unbalanced oligopoly
Which of the following examples would cause the equilibrium quantity to decrease?
a. The demand for picture frames increased as the supply of this product also increased. b. The supply of pens increased as the demand for this product decreased at the same rate. c. Although the demand for CDs decreased, the supply of this product increased more. d. Although the supply of bow ties increased, the demand for this product decreased more.
In what ways do entrepreneurs differ from other innovators? In what types of businesses do entrepreneurs and innovators tend to work? How do past successes affect these types of individuals?
What will be an ideal response?