What is the order in which an economy tries to solve the issue of resource allocation?
A. Production planning, distribution, and output selection
B. Output selection, production planning, and distribution
C. Production planning, output selection, and distribution
D. Distribution, production planning, and output selection
Answer: B
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If the production technology in a Robinson Crusoe economy has increasing returns to scale, there is not competitive equilibrium.
Answer the following statement true (T) or false (F)
Everything else held constant, if the sum of the required reserve ratio and the excess reserve ratio is less than one, an increase in the currency-deposit ratio causes the M1 money multiplier to ________ and the money supply to ________
A) decrease; increase B) increase; decrease C) decrease; decrease D) increase; increase
Capital structure refers to
A) the ratio of equity to debt. B) the ratio of common stock to preferred stock. C) the ratio of debt to equity. D) the ratio of cash to current liabilities
Past expenses are irrelevant to supply decisions because
What will be an ideal response?