In a cooperative form of business enterprise, a shareholder is entitled to
a. one vote.
b. vote on the basis of number of shares owned.
c. no dividends.
d. tax exemption on profit.
a. one vote.
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Acme is a perfectly competitive firm. It has the cost schedules given in the above table and has a fixed cost of $12.00. The price of Acme's product is $4.00
What is Acme's most profitable amount of output? What is Acme's total economic profit or loss?
Ford Motor Company started producing the Model A at plants scattered around the United States
A) to locate its production centers closer to its customers. B) because it was not able to attract skilled workers in Michigan (where its first plant was located). C) because diseconomies of scale at its initial River Rouge plant resulted in high production costs. D) to save on transport costs.
Deficits and surpluses are commonly calculated as:
A. debt per taxpayer. B. average debt per state. C. a percentage of national GDP. D. absolute values.
If the Fed wanted to expand the money supply as part of an antirecession strategy, it could
a. increase the reserve requirements imposed on commercial banks. b. decrease the interest rate paid on excess reserves encouraging banks to extend more loans. c. sell U.S. government securities and other financial assets that it is currently holding. d. raise the interest rate on loans extended to banks and other financial institutions.