An enterprise that has only one shareholder does not constitute a corporation
a. True
b. False
Indicate whether the statement is true or false
False
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In the above figure, when the price of Good B increases, the result can be shown by
A) the movement from D1 to D2 in Graph A. B) the movement from D2 to D1 in Graph A. C) the movement along D0 from P1 to P2. D) the movement along D0 from P2 to P1.
The law of increasing opportunity cost reflects the fact that
a. the production possibilities frontier is bowed inward b. resources are not perfectly substitutable c. resources cannot always be used efficiently d. an economy will operate at a point inside the production possibilities frontier e. an economy will operate at a point along the production possibilities frontier
If the price of a product rises, consumers buy less of the good because the:
a. MU/P of the good falls below the MU/P of other goods. b. MU/P of the good rises above the MU/P of other goods. c. marginal utility of the good diminishes. d. total utility of the good diminishes. e. marginal utility of the good rises.
An example of a buyer in a financial market would be:
A. families buying new houses. B. students saving for college. C. corporations loaning money to other firm. D. families putting money away for the future.