Asset trades that deal with debt instruments are best described as
A) share of stock.
B) exchange rate.
C) receipts.
D) factors.
E) bonds or bank deposits.
E
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Which of the following is NOT exempt from antitrust laws?
A) professional baseball B) labor unions C) airlines D) public transit systems
The marginal rate of substitution is: a. the total amount a consumer is willing to trade to get another good
b. the rate at which the consumer is willing to trade one good to gain one more unit of another good. c. is reflected by the slope of the indifference curve. d. characterized by both b. and c.
Policies taken to move the economy closer to potential output:
A. must be expansionary policies. B. must be contractionary policies. C. are called stabilization policies. D. are lagging policies or automatic policies.
Refer to Scenario 7.6 below to answer the question(s) that follow. SCENARIO 7.6: Upon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employees. To start the firm you passed on a job offer with a large accounting firm that offered you a salary of $50,000 annually. Last year you earned a total revenue of $120,000. Rent and supplies last year were $50,000. Your assistant's salary is $30,000 annually.Refer to Scenario 7.6. Your annual economic costs are
A. $50,000. B. $80,000. C. $100,000. D. $130,000.