An industry with a ________ long-run supply curve is called a constant-cost industry.
A. negative sloping
B. horizontal
C. positive sloping
D. vertical
Answer: B
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Suppose you withdraw $1,000 in cash from your checking account. Draw a T-account to show the effect of this transaction on your bank's balance sheet
What will be an ideal response?
Underwriting involves
A) insuring the life or health of individuals. B) guaranteeing a price for new capital to the issuing firm. C) selling stock more cheaply than conventional stockbrokers. D) issuing stock and using the proceeds to buy bonds.
How is it possible to have a separation between ownership and control of a major corporation? What specific type of market imperfection can cause this?
What will be an ideal response?
Property rights and a strong titling system are seen as important to economic development because they allow:
A. loans to be taken out against the equity of their assets, increasing investment. B. loans to be taken out without risk, increasing the quality, not quantity, of investment. C. savers to invest in property and capital. D. agencies with authority to verify titling to thrive in the economy.