Investing in financial instruments in today's economy:
A. is an activity practiced only by the wealthy.
B. is made easier by the use of mutual funds.
C. involves costly transactions.
D. requires a relatively large sum of money to invest (more than $100,000).
Answer: B
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When a profit-maximizing firm makes a decision to employ a worker, that decision is based on: a. the individual contribution that the worker makes to the profit of the firm. b. the average productivity of the firm's labor force
c. the familial relationship between the employer and the employee. d. the total output produced by the firm.
Absolute advantage is determined by comparing the opportunity costs of producing each good in different countries
a. True b. False Indicate whether the statement is true or false
Which of the following is an important ingredient of efficient economic organization
What will be an ideal response?
Which of the following would NOT be considered a fixed cost of production?
A) wages paid to labor B) the opportunity cost of capital C) interest payments on a loan D) insurance payments on plant and equipment