What is shown on a firm's income statement?
A) profits
B) revenues
C) costs
D) All of these are shown on a firm's income statement.
D
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When the government borrows in the market, it
A. does not have to pay interest. B. is not required to pay back the entire principle. C. can get indefinite extensions on the loan. D. all of these answer options are correct. E. none of these answer options are correct.
A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a store building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. What are his explicit costs?
a. $26,000 b. $66,000 c. $78,000 d. $52,000 e. $72,000
If a pair-wise majority vote was held and the voters' preferences are in the given table, which option would win the first round of voting?
A. Public transportation
B. Public zoo
C. Public parks
D. It depends on which pair was considered first.
If unemployment is below the NAIRU, inflation generally:
A. accelerates. B. decelerates. C. becomes negative. D. gets caught in a downward spiral.