In order to calculate consumer surplus in a market, we need to know willingness to pay and price
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following will cause equilibrium output in a market to increase?
a. A decrease in firms’ variable costs. b. An outward shift of the demand curve. c. Entry of more firms into the market. d. All of the above.
Convertible shareholders can
a. convert their shares into bonds at any time b. convert their shares into preferred stock at any time c. convert their shares in one corporation to shares in another corporation in a one-to-one ratio at any time d. convert their shares into common stock at any time e. vote at shareholder meetings on important corporate matters
Which of the following is a tax on labor?
a. Medicare tax b. inheritance tax c. sales tax d. All of the above are labor taxes.
When the Federal Reserve buys bonds on the open market, it decreases the money supply.
Answer the following statement true (T) or false (F)