The person who assumes the risks and uncertainties of business is
a. a manager of the business
b. an owner of the business
c. an excellent example of human capital
d. an entrepreneur
e. key to production, but not a factor of production
D
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Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for ramen noodles, an inferior good. Which panel describes what happens in this market as a result of an increase in income?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Which of the following would is included as Investment Spending in aggregate demand?
A. Sandra finances her business from the sale of $200,000 of treasury securities. B. Marco buys a new building off the Santa Monica coast for his startup. C. Maria purchases $100,000 of foreign bonds. D. Allen sells the old truck he used for transporting goods.
To fix the foreign currency price of domestic currency below the free market equilibrium rate, a government must:
a. sell both its own currency and foreign exchange. b. buy its own currency and sell foreign exchange. c. buy both its own currency and foreign exchange. d. sell its own currency and buy foreign exchange. e. revalue its own currency.
When a tax is placed on a good
a. the price paid by buyers rises, and the price received by sellers rises. b. the price paid by buyers rises, and the price received by sellers falls. c. the price paid by buyers falls, and the price received by sellers rises. d. the price paid by buyers falls, and the price received by sellers falls.