A relative price is
A) the number of dollars that must be given up in exchange for the good.
B) also called the money price.
C) not an opportunity cost.
D) the ratio of one price to another price.
D
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Richard Causey, former chief accounting officer for Enron, pleaded guilty to falsely reported costs for Enron that were ________ than they actually were, resulting in reported accounting profits for Enron that were ________ than their actual level
The financial statements were falsified to mislead investors about the profitability of the firm. A) lower; higher B) lower; lower C) higher; lower D) higher; higher
The creation of the European Monetary Union in 1999 lowered nominal interest rates in countries like Italy, because:
a. Nations in the European Monetary Union were required to reduce the maturity of their debt issues. b. Each nation now had a solid currency, and the markets knew that the central banks of these nations could create as much money as necessary to repay government debts. c. Markets had more confidence in the European Central Bank than they did in the Bank of Italy. d. All of the above. e. None of the above.
Figure 9.6In Figure 9.6 if price is P2, then the industry will:
A. expand. B. contract. C. stay the same size. D. cease to exist.
When the profits of a corporation are taxed and the dividends paid to stockholders are also taxed
A. the government is engaging in double taxation. B. the government is engaging in capital gains taxation. C. the government is engaging in progressive taxation. D. the government is engaging in regressive taxation.