Which of the following is an advantage of? corporations?
A. Longevity
B. Managerial demands
C. Simplicity
D. Reporting requirements
E. Potential for conflict
A. Longevity
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A good that is both excludable and rivalrous is a(n):
a. public good. b. club good. c. private good. d. inferior good. e. necessary good.
What is the relationship between marginal utility and an individual demand curve?
The demand curve for loanable funds is downward sloping because
A. people save more at higher interest rates. B. more investments are profitable at low interest rates than at high interest rates. C. future income is more valuable now at higher interest rates than at low interest rates. D. Usury laws increase the quantity of funds demanded at low interest rates but do not affect the quantity of funds demanded at high interest rates.
A division of labor enhances society's output by permitting people to take advantage of existing differences in their abilities and skills.
Answer the following statement true (T) or false (F)