Which of the following would not be considered a negative externality?
a. loud rap music at 2 a.m. in the apartment next door to you
b. traffic congestion
c. an Alaskan oil spill
d. measles vaccinations
e. air pollution
D
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Refer to Table 12.1. Assuming the inflation rate forecast to be accurate, which nation has the lowest real rate of return?
A) Japan B) Australia C) the United States D) South Africa
The point where a firm lacks enough revenue to cover its variable costs is called the:
a. point of perfect competition. b. shutdown point. c. point of no return. d. fixed cost point.
Speculators play an important role in a system of floating exchange rates because
a. to make a profit, they must buy a currency when its value is low and sell it when its value is high. b. their purchases and sales lead to wild gyrations in exchange rates and thus increase instability. c. they place additional risks on businesses that need to purchase and sell foreign currency. d. All of the above are correct.
Owners may have little to do with the management of the firm in the case of
A. corporations. B. either corporations or proprietorships. C. partnerships. D. proprietorships.