Which of the following functions is not performed by financial markets?
a. facilitating large-scale production
b. reallocating spending across time
c. reducing risk through diversification
d. discovering new production techniques
e. disciplining management of corporations
D
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The expenditure line in the aggregate expenditures diagram represents the
A. relationship between expenditure and output. B. equilibrium condition that Y = AE. C. equilibrium condition that Y = Y*. D. relationship between consumption and disposable income.
The ________ the defendant's assessment of the expected payment to the ________, the ________ likely the case will be settled.
A) larger; plaintiff; less B) larger; plaintiff; more C) smaller; judge; more D) smaller; judge; less
Margo is an accountant at a manufacturing firm. Which of the following tasks is most likely to be part of Margo’s duties at that firm?
a. to keep records of the payments received when the firm’s output is sold b. to develop new processes that will increase production output c. to advertise for new employees and oversee hiring and promotions d. to institute policies that will decrease waste on the production floor
In the price fixing game, when both firms choose their dominant strategy, each firm will generally earn more profits than when both firms choose the alternative strategy.
Answer the following statement true (T) or false (F)