Which of the following is a residual reward that accrues to business decision makers who use resources so as to increase their value?
a. opportunity cost
b. earnings of employees
c. economic profit
d. interest earnings of corporate bondholders
C
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Consider the following statement: "Real GDP and potential GDP are always equal." Is this statement true or false? Explain your answer
What will be an ideal response?
Peyton Lopez will exploit the aquifer under his ranch as long as his personal marginal __________ is __________ __________ his personal marginal __________
a. cost, greater than, benefit b. benefit, greater than, cost c. cost, equal to, benefit d. benefit, less than, cost e. benefit, equal to, cost
A manager who believes that all people are valuable and want to contribute to their best ability to ascribe to
a. theory x b. theory y c. theory xy d. management theory
If business fluctuations are from demand-side forces,
A. monetary and fiscal policy will move inversely. B. interest rates and budget deficits will move inversely. C. unemployment and inflation will move inversely. D. unemployment and budget deficits will move inversely.