Numerically, the dominant type of business enterprise in the United States is
A) the corporation.
B) the partnership.
C) the proprietorship.
D) the multinational corporation.
Answer: C
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If the value of the marginal product of physical capital is $30 and the price at which the good the physical capital is used to produce is sold at $15, the marginal product of the physical capital used is:
A) 2 units. B) 5 units. C) 15 units. D) 30 units.
In the balance sheet for the FBN bank above, the entries are in millions of dollars. If the desired reserve ratio equals 10 percent, FBN Bank has excess reserves of
A) $280 million. B) $200 million. C) $360 million. D) $0.
Since the 1970s, the income tax system in the U.S. has become
a. less regressive. b. more aggressive. c. less progressive. d. regressive e. more proportional.
Free competitive markets do not process information effectively
Indicate whether the statement is true or false