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
A
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In the figure above, how can the economy represented by the production possibilities frontier move from point C to point F?
A) Increase the available amount of resources. B) Increase the level of technology. C) Redistribute the existing resources to produce more apples and fewer oranges. D) First move to point B and then move to point F.
Explain why public goods can be classified as market failure? Explain what problem arises when public goods are produced?
What will be an ideal response?
Senior citizens can buy movie tickets at a lower price than the general public. This is an example of
A) age discrimination. B) demand discrimination. C) price discrimination. D) price differentiation.
For interest rates to remain stable during economic expansions, the money supply should: a. decrease at a faster rate than the demand for money. b. grow at the same rate as money demand
c. grow at a faster rate than money demand. d. grow at a slower rate than money demand. e. decrease at a slower rate than the demand for money.