One advantage of a partnership over a corporation is:
A. greater accountability.
B. increased ability to get funds.
C. the ability to share the work and risks of business.
D. limited liability.
Answer: A
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The marginal cost will intersect the average variable cost curve
A) when the average variable cost curve is rising. B) where average variable cost curve equals price. C) at the minimum point of the average variable cost curve. D) The two will never intersect.
The speculative demand for holding money is when people hold money:
a. instead of near money. b. to transact purchases they expect to make. c. as insurance against unexpected needs. d. to speculate in the stock market. e. to take advantage of changes in interest rates.
To promote rapid economic growth, the new growth theory would argue for increased scholarships in
a. women's studies. b. deconstructionist literature. c. post-modern sociology. d. biology.
When the dollar depreciates, this shifts the AD curve rightward and the SRAS curve leftward, which will always lead to a higher Real GDP
Indicate whether the statement is true or false