The main objective of a business in a market economy is
A. controlling costs.
B. maximizing the production function.
C. profit maximization.
D. decreasing revenue.
Answer: C
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Along a downward-sloping money demand schedule, as the interest rate falls
A) the quantity of money demanded falls. B) the quantity of money demanded rises. C) real income rises. D) real income falls.
Social capital is
a. the shared values and trust that promote cooperation in the economy b. the buildings and equipment used to produce goods and services c. a government regulation aimed at improving health and safety d. the accumulated knowledge, skill, and experience of the labor force e. the owner's own or borrowed money invested in a business
Total U.S. government expenditures as a percentage of GDP were largest during which of the following periods of time?
a. The Great Depression. b. World War II. c. The Vietnam War. d. The Energy Crisis of the mid- and late-1970s.
Social welfare can be enhanced by allowing firms to trade their rights to pollute
a. True b. False Indicate whether the statement is true or false