Which of the following is NOT an attribute of a public good?
A. Being non-excludable
B. Indivisibility
C. Uncompensated third-party costs
D. Being non-rivalrous
C. Uncompensated third-party costs
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Business people often use “hunches” and intuition to make decisions regarding what to produce.
Answer the following statement true (T) or false (F)
Why is limited liability so important when firms try to raise large amounts of financial capital? How is this advantage of a corporation tied to a disadvantage of a corporation?
What will be an ideal response?
Increase in money supply leads to a …………………in the interest rate for a given level of output, real money supply ………………
A. Increases, decrease B. Decrease, increase C. Increase, increase D. Decrease, decrease
Exhibit 1A-2 Straight line
In Exhibit 1A-2, explain the slope of straight line CD.
A. As the X value increases by 20, the Y value increases by 5, so the slope is 4. B. As the Y value increases by 5, the X value increases by 20, so the slope is 1/4. C. As the X value increases by 10, the Y value increases by 5, so the slope is 2. D. As the Y value increases by 5, the X value increases by 10, so the slope is 1/2.