The actions of speculators make the speculators better off, but they necessarily make the rest of society worse off
Indicate whether the statement is true or false
False
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Which of the following is included in the calculation of national income?
A) compensation of employees B) rental income C) indirect business taxes D) all of the above E) none of the above
How can diversification reduce idiosyncratic risk but not systematic risk?
What will be an ideal response?
The transfer price between subsidiaries that maximizes profit for the parent company
A) is the marginal cost of the producing subsidiary. B) is the monopoly price of the producing subsidiary. C) cannot be determined in the absence of non-production cost considerations such as taxes. D) is the price that minimizes the purchasing subsidiary's marginal cost.
________________ fiscal policy decreases the level of aggregate demand, either through cuts in government spending or increases in taxes.
a. Expansionary b. Contractionary c. Lenient d. Strict