The real costs of inflation to society include:
A. lost purchasing power of income.
B. an increase in the general level of prices.
C. interference with long-term planning.
D. higher relative prices.
Answer: C
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Which type of firm produces the largest share of manufacturing output?
A) proprietorships only B) partnerships only C) corporations only D) Proprietorships and corporations are tied.
When your broker sees that you are in danger of running through your money and forces you to sell your stock and use the money to pay back your loan, he is making a:
A. margin call. B. leverage call. C. stock sales call. D. futures call.
A monopolist will maximize profits by producing a quantity specified by setting marginal revenue equal to marginal cost.
Answer the following statement true (T) or false (F)
On May 12, 2011, it cost U.S. $.04 to buy one Russian ruble. How many Russian rubles would U.S. $1 buy?
a. 40 b. 33 c. 25 d. 14