Economic stagnation coupled with high inflation is commonly called:
A. stagflation.
B. inflationary stagnation.
C. stagnatory growth.
D. inflagnation.
Answer: A
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What is the difference between explicit costs and implicit costs? List three examples each of explicit costs and implicit costs that may be experienced by a small business
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The process where financial intermediaries create and sell low-risk assets and use the proceeds to purchase riskier assets is known as
A) risk sharing. B) risk aversion. C) risk neutrality. D) risk selling.
The value of a good
a. depends on many factors, including who uses it and under what circumstances. b. is determined by the cost of producing it. c. depends on the labor necessary to supply the good. d. can be measured objectively by a survey of manufacturers of the good.
The competitive firm is a "price taker" and therefore a quality adjuster of product quality. That is, the firm might downgrade or upgrade product quality in response to entry or exiting in the marketplace.
a. true b. false