Wartime economic mobilization resulted in:
a. increased hours for workers.
b. dramatic increases in the industrial accident rate.
c. some reduction in the quality of output.
d. Increased production rates.
e. All of the above.
e. All of the above.
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Suppose a firm's stock valuation is worth three times its outstanding debt. The firm's stock earns an annual return of 6 percent and pays 8 percent on the outstanding debt. What is the firm's company cost of capital?
A) 4.5 percent B) 6 percent C) 6.5 percent D) 8 percent
Which of the following statements regarding economic regulation is TRUE?
A) Economic regulation has failed by insisting that firms must be allowed to earn a normal rate of return. B) Rate-of-return regulation has been much more effective than cost-of-service regulation. C) Economic regulation deals only with rates of return, and not with prices. D) Economic regulation deals mainly with prices firms charge, but firms can alter their return by altering quality of service, effectively raising the price per constant-quality-unit.
Economies that adopt more open trade policies have often historically enjoyed faster economic growth rates as a result. This is an example of what kind of statement?
A. Marginal B. Positive C. Biased D. Normative
We can use macroeconomic analysis to
A. understand why economies grow. B. learn how to balance a checkbook. C. study the choices made by households. D. understand marginal changes in the macroeconomy.