The federal agency that ensures that potential security purchasers are well informed is the
A) FCC.
B) FTC.
C) NRC.
D) SEC.
D
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In the electricity generation industry, the cost per kilowatt hour of electricity declines as the capacity to generate output increases. This situation represents:
a. a poor opportunity for investors. b. constant returns to scale. c. diseconomies of scale. d. economies of scale. e. decreasing returns to scale.
Capital is to investment as
a. hard is to soft. b. a flow is to a stock. c. a stock is to a flow. d. paper is to metal.
When the money market is drawn with the value of money on the vertical axis, if the price level is below the equilibrium level, there is an
a. excess demand for money, so the price level will rise. b. excess demand for money, so the price level will fall. c. excess supply of money, so the price level will rise. d. excess supply of money, so the price level will fall.
The expression "There's no such thing as a free lunch" means
What will be an ideal response?