The economic system of the United States
A) was designed by mercantilists and capitalists.
B) was designed by the framers of the U.S. constitution.
C) was designed to maximize individual freedom.
D) was designed to maximize output per capita.
E) was the result of human intentions but not anyone's design.
E
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An example of a nontradable good is:
A. a lead-painted toy from China. B. a stack of firewood from Montreal, Canada. C. a dish of handmade pasta in Lucca, Italy. D. All of these would be considered a nontradable good.
Who receives corporate interest before any disbursement of profit is made to others?
a. employees b. management c. shareholders d. banks e. bondholders
Supply curves that are horizontal are called perfectly elastic and have an infinite elasticity, whereas supply curves that are vertical are called perfectly inelastic and have a zero elasticity
a. True b. False Indicate whether the statement is true or false
Up to what amount would a risk-neutral gambler pay to enter a game where on the flip of a fair coin, if you call the correct outcome the payoff is $2,000?
A. Up to $2,000. B. Up to $1,000. C. More than $1000 but less than $2000. D. More than $1,500.