The term "economic freedom" means
A. the right to trade goods and services.
B. the right to own private property.
C. the right to own financial assets.
D. all the above.
Answer: D
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A country's capital stock decreased after a war while its labor supply remained constant. Which of the following will happen in this case if output is a function of capital and efficiency units of labor?
A) Its total output will remain constant. B) Its total output will decrease. C) Its per capita output will remain constant. D) Its per capita output will increase.
In the figure above, what is Gap's economic profit?
A) zero B) $5,000 C) -$5,000 D) -$1,160
Answer the following statements true (T) or false (F)
1) The present value of a bond is the only price that buyers are willing to spend on the bond and the only price sellers are willing to accept for the bond. 2) Junk bonds sell for higher prices than non-junk bonds. 3) The present value of a bond is the only price that buyers are willing to spend on the bond and the only price sellers are willing to acce244) A profit-maximizing manager should always calculate the net present value and use the net present value rule to evaluate any business decision that involves the payment or receipt of money at different times in the future.pt for the bond. 4) Profit-maximizing managers should make efforts to receive profits in future and incur costs in the present. 5) Interest paid of debt-financed investments is referred to as a tax shield.
Which one of the four statements below is NOT like the others?
A. "The actual rate of unemployment is below the NAIRU." B. "Actual GDP is higher than potential GDP." C. "The NAIRU is lower than the natural rate of unemployment." D. "The natural rate of unemployment is higher than the actual rate of unemployment."