_____ is the only type of firm where it is possible for a person to hold all of the information that matters for all types of decisions
a. Corporation
b. A firm where decision-making is centralized
c. Sole proprietorship
d. A firm where there is separation of ownership and management
C
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If a country's production possibilities curve gets more bowed out over time, it is an indication that
A) technological change has taken place. B) society is learning to use its resources more efficiently. C) the quantity of labor and capital have increased. D) resources have become more highly specialized.
The signaling theory of education maintains that workers who complete specific levels of education enhance their productivity through education
a. True b. False Indicate whether the statement is true or false
If long-run average total cost is rising, then the firm is experiencing economies of scale
a. True b. False Indicate whether the statement is true or false
The flatter the planned investment schedule (curve)
A) the smaller is the change in planned investment as a result of changes in the interest rate. B) the smaller is the crowding-out effect. C) the larger is the crowding-out effect. D) the larger is the change in money demand as a result of changes in the interest rate.