If the average cost of a product is $10 per unit and the price is $5, the firm is losing money
a. True
b. False
Indicate whether the statement is true or false
True
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The data in the table above are the U.S. balance of payments. The data show that
A) the United States has a current account surplus. B) the United States has a capital and financial account surplus. C) The United States loaned $400 billion to the rest of the world. D) Both answers A and B are correct.
The Securities and Exchange Commission of the U.S. government requires that mutual fund companies publish a long and detailed prospectus which covers an array of areas including the cost of owning the fund, the types of stocks the fund invests in,
the management fee, administrative fees and an assessment of the type of risk that holding the fund represents. This is clearly designed with the intent of mitigating the imperfect information problem. However, can you think of any reason why the value of these documents is likely to be quite marginal?
Workers in the 1800s building railroads by hand was an example of a(n) ____ intensive form of production
a. capital b. labor c. entrepreneurial d. working
In the simple circular flow model:
A. businesses are sellers of resources and demanders of products. B. businesses are sellers of both resources and products. C. households are sellers of resources and demanders of products. D. households are sellers of products and demanders of resources.