For which of the following types of firms is the buying and selling of stocks and bonds not a primary function?
A. securities firms
B. investment banks
C. mutual fund companies
D. thrifts
Answer: D
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What is break-even investment, and what happens to the break-even level of investment when the growth rate of the labor force either increases or decreases?
What will be an ideal response?
If the demand for baseballs increases, then as a result, it is highly likely that the demand for:
A. leather will increase. B. bats will decrease. C. soccer balls will rise. D. tennis balls will increase.
Which does the government not control directly?
a) Spending on health b) Spending on defence c) Firms' investment decisions d) Spending on state education
If a perfectly competitive firm faces a market price of $3 per unit, and it decides to produce 30,000 units, the market price will likely:
A. stay the same. B. increase. C. increase initially and then decrease. D. decrease.