Assume that the listed amounts constitute this bank's complete set of accounts. Moolah's:
Answer the question on the basis of the following information for the Moolah Bank.
A. assets are $1,000.
B. liabilities are $300.
C. net worth is $100.
D. annual profit is $200.
C. net worth is $100.
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It is inefficient to charge a positive price for a collective consumption good
a. True b. False
To compare the GDP of countries with different currencies, it is necessary to use a/an _______________ rate.
a. base b. fixed c. standard d. exchange
The primary objective of agricultural cooperatives is to
a. prohibit imports of agricultural goods into the country b. regulate price by controlling output c. encourage domestic competition that lowers price because most agricultural cooperatives are consumer based d. safeguard the quality of farm goods put on the market to avoid government interference in their markets e. work to facilitate conglomerate mergers
Figure 11-8
Consider the average cost curve shown in Figure 11-8, for the production of cleaning. If the firm serves the entire market and sells Q1 units. Based upon this information, the firm is experiencing
A. constant returns to scale . B. increasing returns to scale. C. decreasing returns to scale. D. externalities.