Unlike other business organizations, corporations are distinct entities that can continue operations even if the people who began that business are no longer around.
Answer the following statement true (T) or false (F)
True
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In the money market, an excess demand for money is equivalent to an excess demand for bonds
Indicate whether the statement is true or false
Refer to Table 5.4. If outcomes 1 and 2 are equally likely at Job A, and if at Job B the $20 outcome occurs with probability .1, and the $50 outcome occurs with probability .9, then
A) Job A is safer because the difference in the probabilities is lower. B) Job A is riskier only because the expected value is lower. C) Job A is riskier because the standard deviation is higher. D) Job B is riskier because the difference in the probabilities is higher. E) There is no definite way given this information to tell how risky the two jobs are.
As an alternative to pairwise majority voting, each voter could be asked to rank the possible outcomes, giving 1 point to her lowest choice, 2 points to her second-lowest choice, 3 points to her third-lowest choice, and so on. This voting method is called a(n)
a. median vote. b. pairwise minority vote. c. Borda count. d. Arrow count.
The Lend Me Your Ears Company monopolizes the production of a specialized hearing aid. The Lend Me Your Ears Company will find it profitable to reduce output as long as marginal cost is
A. less than marginal revenue. B. positive. C. equal to marginal revenue. D. greater than marginal revenue.