The large net revenue that a firm earns from an activity
What will be an ideal response?
provides incentive to others to engage in that activity.
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Which of the following occurred following the failure of the Bank of the United States in 1930?
A) Interest rates on low-grade corporate bonds rose relative to high-rated corporate bonds. B) Other banks in New York City suffered liquidity problems. C) A bank panic ensued within days. D) The stock market crashed.
Which of the following statements about resource allocation is correct?
a. Within a firm, resources are allocated by prices; in the market, resources are allocated by the decisions of managers. b. Resources are allocated by prices both in the market and within the firm. c. Within a firm, resources are allocated by the decisions of managers; in the market, resources are allocated by prices. d. Resources are allocated by the decisions of managers both within the firm and in the market. e. In the market, resources are allocated either by prices or by the decisions of managers.
Jonathan likes to consume pizzas and burgers. If both the goods have diminishing marginal utility, then Jonathan's indifference curve is likely to be _____
a. a straight line b. downward sloping c. L-shaped d. U-shaped
Which curve in the graph shown below best represents the data in the table?
Refer to the following table which shows the quantities of corn demanded at various levels of corn price (hypothetical data).
A. A
B. B
C. C
D. D