The way we know what commodities are relatively scarce or abundant is through
A) transaction costs.
B) prices.
C) price ceilings.
D) price floors.
Answer: B
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Net investment is
A) the same as gross investment. B) gross investment minus depreciation. C) the same as depreciation. D) the same as wealth. E) gross investment plus depreciation.
Cindy's Sweaters' production function is shown in the above table. What is the marginal product of labor when the 4th worker is hired?
A) 4 sweaters per day B) 2 sweaters per day C) 20 sweaters per day D) 5 sweaters per day
You pay for cheese and bread from the deli with currency. Which function of money does this best illustrate?
a. medium of exchange b. unit of account c. store of value d. liquidity
Which of the following types of shareholders can be categorized under institutional investors?
A. Inventory suppliers B. Traders C. Blockholders D. Insurance companies