Which of the following would be a liability to a bank?
A. Cash in the vault
B. A loan to a new business
C. A checking account of a professor
D. All of these responses are correct.
Answer: C
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Specialization and trade
A) does not benefit anyone. B) allows nations to produce inside their individual production possibilities frontier. C) allows nations to consume combinations of products that are outside their individual production possibilities frontier. D) shifts the production possibilities frontier inward. E) shifts the production possibilities frontier outward.
Explain how labor resistance and political and legislative influences reduce the ability of firms to minimize their costs of production. What do the two have in common in this regard?
What will be an ideal response?
The Indianapolis Motor Speedway hosts the Indianapolis 500 and the Brickyard 400, in addition to other races. During their respective peaks, both events were sellouts. The 2009 through 2011 versions of the Brickyard 400 saw 100,000 or more empty seats. It would have been in that owner's best interest to
A. reduce ticket prices so that sellouts would resume. B. set the ticket price to where MC=MR, which may mean that there would not be a sellout. C. spend money to reduce seating. D. spend as much money on advertising as necessary to ensure a sellout.
A minority of American women work outside the home.
Answer the following statement true (T) or false (F)