Which statement is true?
A. Joseph Schumpeter said, "risk bearing is no part of the entrepreneurial function."
B. Benjamin Franklin said, "It is better to borrow than to lend."
C. Aristotle said, "the fair rate of interest is exactly what the market will bear."
D. David Ricardo said, "the landlord's return, rent, should be taxed away by the government."
A. Joseph Schumpeter said, "risk bearing is no part of the entrepreneurial function."
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Explain how the listed events (a-d) would affect the following at Hilton Hotels
i. Marginal cost ii. Average variable cost iii. Average fixed cost iv. Average total cost a. Hilton decides on an across-the-board 5 percent increase in executive salaries. b. Hilton decides to eliminate all print advertising. c. Hilton signs a new contract with the Culinary Workers Union that requires the company to increase wages for all its kitchen workers. d. The federal government starts to levy a $5 room tax on all hotel rooms.
Suppose some members of Enron's board of directors are aware of the company's true financial condition, information that is not available to most investors. This is an example of
A) lemon problem. B) moral hazard. C) adverse selection. D) asymmetric information.
In 2011, U.S. governments (local, state, and federal) employed approximately how many million workers?
A. 16.0. B. 19.4. C. 21.9. D. 23.5.
One problem that investors in foreign countries face is the possibility of a decline in the value of that foreign country's currency. Which of the following would be an effective way to offset this problem?
A. Hedge through currency swaps. B. Convert as many of your dollars into their dollars as possible. C. Be ready to pull out at the first sign of trouble. D. Finance your investment outside of that country.