A firm is generally more interested in marginal profits than in total profits
a. True
b. False
Indicate whether the statement is true or false
False
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Risk sharing is profitable for financial institutions due to
A) low transactions costs. B) asymmetric information. C) adverse selection. D) moral hazard.
When using extrapolation to forecast
A) a time series of past observations is used. B) there is a large error term in the results. C) predictions can only be made about the future. D) dummy variables can skew the results.
The process by which union and management representatives negotiate a mutually agreeable contract specifying wages, benefits, and working conditions is called
a. collective bargaining b. mediation c. arbitration d. striking e. litigation
Which of the following is correct?
a. Over the business cycle investment fluctuates more than consumption. b. Economic fluctuations are easy to predict. c. During recessions employment rises. d. Because of government policy the U.S. had zero recessions in the last 25 years.