The period during which real output falls during a business cycle is called:
a. peak.
b. recession.
c. recovery.
d. trough.
b
Economics
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Checks ________ money and checking deposits ________ money
A) are; are B) are; are not C) are not; are D) are not; are not
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Referring to Situation #1 suppose that you can now hire two workers. What is the opportunity cost of the second executive's work from the viewpoint of the company? Explain
What will be an ideal response?
Economics
In the long run, a country's exchange rate is determined by:
A. supply and demand. B. domestic monetary. C. purchasing power parity. D. the domestic inflation rate.
Economics
Which is a disadvantage of a sole proprietorship?
a. lack of permanence b. high taxes c. legal constraints d. difficult to start up
Economics