Recall the Application about cultural factors in England and their relevance to the Industrial Revolution to answer the following question(s). According to the Application, the cultural habits of the rich filtered down through English society. These habits included all of the following virtues EXCEPT:
A. thrift.
B. prudence.
C. hard work.
D. impulsive behavior.
Answer: D
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Suppose Sarah owns a small company that makes wedding cakes. The table below shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number ofCakes Per DayTotal CostPer Day0$1001$1802$2203$3004$4005$5206$660If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then Sarah should produce ________ cakes per day.
A. 6 B. 3 C. 5 D. 0
If the demand curve a firm faces shifts to the right, usually:
a. it would be impossible to tell whether the marginal revenue curve shifts. b. the marginal revenue curve would shift to the left. c. the marginal revenue curve would shift to the right. d. the marginal revenue curve would not shift.
An investment exposed to exchange-rate risk is a(n) ________ international investment.
A. hedged B. arbitrage C. covered D. uncovered
A decrease in the price of a good or service leads to a(n) ________ that leads to a(n) ________.
A. increase in quantity demanded; movement along the demand curve B. decrease in demand; movement along the demand curve C. decrease in quantity demanded; shift of the demand curve D. increase in demand; shift of the demand curve