Which of the following factors will shift AS1 to AS2?
Refer to the graph above.
A. An increase in real interest rates
B. A decrease in business subsidies
C. An increase in input prices
D. A decrease in business taxes
D. A decrease in business taxes
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Of the types of business organizations in the United States, corporations account for ________ percentage of revenues and ________ percentage of profits
A) the largest; the largest B) the smallest; the largest C) neither the largest nor smallest; the largest D) largest; neither the largest nor smallest
During World War II, whenever interest rates would rise and the price of bonds would begin to fall, the Fed would
A) lower reserve requirements. B) raise reserve requirements. C) make open market purchases of government securities. D) make open market sales of government securities.
Break-even quantity is a point where
a. the level of profit is maximized b. the level of cost is minimized c. Only variable costs are covered d. There are zero profits
The economy of the United States would best be classified as:
a. closed economy b. socialism c. command economy d. A market system