Which of the following is true of households?
a. It consists of the employed members of the family.
b. It can comprise of either related members or unrelated individuals.
c. It refers to only the owners of rented apartments.
d. It comprises of a family of at least four members.
e. It generally describes a family that has two earning members.
b
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A bond is selling for $1000 and it pays $150 in interest a year. If the interest rate changes to 20 percent, then
A) the price of the bond falls to $750. B) the interest payment falls to $75. C) the interest payment rises to $200. D) the price of the bond rises to $1500.
Megan, an analyst in Ronald's team called in sick on a day when 4 projects were due for completion. Ronald divided Megan's work between the remaining six team-members. Which form of governance is being used here?
a. Etiquette b. Hierarchy c. Contract d. Market
Most economists agree that a well-designed central bank would:
A. be independent of political pressure. B. make its policy actions difficult to interpret. C. be run by one key policy maker. D. be accountable only to other banks.
A firm operating in a competitive market will stay in business in the long run so long as the market price is equal to or exceeds the firms average total cost; otherwise, the firm will shut down
Answer the following statement(s) true (T) or false (F)