Owners face unlimited liability in
A. national corporations and global corporations.
B. proprietorships and partnerships.
C. partnerships and corporations.
D. proprietorships and corporations.
Answer: B
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Assuming the same coupon rate and maturity length, when the interest rate on a Treasury Inflation Indexed Security is 3 percent, and the yield on a nonindexed Treasury bond is 8 percent, the expected rate of inflation is
A) 3 percent. B) 5 percent. C) 8 percent. D) 11 percent.
Bob's Baubles, Inc, sells its product for $3 each in a perfectly competitive market. If it increases its workforce from 1,000 to 1,001, its output goes from 615 to 625 per day. Its marginal revenue product for the 1,001st worker is: a. $3
b. $1, 845. c. $30. d. $3,003.
GDP measures:
A. expenditure on all final goods and services. B. total income of everyone in the economy. C. total value added by all firms in the economy. D. All of the answers are correct.
Refer to the diagram for athletic shoes. If the current output of shoes is Q 3 , then:
A. resources are being allocated efficiently to the production of shoes.
B. society would consider additional units of shoes to be more valuable than alternative
products.
C. society would consider additional units of shoes to be less valuable than alternative
products.
D. society would experience a net gain by producing more shoes.