Which of the following scenarios would likely entice entrepreneurs to increase the amount of borrowing from financial institutions?
A. More competitors entering the market
B. Optimism about the good or service they produce
C. Anticipation of more tax regulations for small business owners
D. Raised interest rates
Answer: B
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You work as an assistant coach on the university swim team and earn $14 per hour. One day, you decide to skip the hour-long practice and go to the movie theater instead, which has an admission fee of $9. The total cost (valued in dollars) of skipping practice and going to the movies (including the opportunity cost of time) is
A.$6 B.$9 C.$15 D.$24
A characteristic of the long run that is not available in the short run is that a firm is free to vary its output
Indicate whether the statement is true or false
Without money, no transaction can occur
a. True b. False Indicate whether the statement is true or false
Age is a determinant of income because
A. age contributes to costs as medical expenses increase. B. with age typically come experience, education, and training that can increase income. C. older workers have accumulated more wealth. D. older workers have accumulated less wealth.