Banks' views of the economy change from confidence to caution when they expect
a. wage rates to fall
b. employment to increase
c. consumer spending to fall
d. a recession to occur
e. economic expansion
D
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A monopolistically competitive firm
A) cannot make a positive economic profit in the long run because of entry. B) can make a positive economic profit in the long run because it sells a differentiated good. C) can make a positive economic profit in the long run because there are only a few firms in the industry. D) cannot make a positive economic profit in the long run because it sells a homogeneous good.
Countries that abandoned the gold standard early in the Great Depression suffered an average decline in production of 3 percent between 1929 and 1934
Countries that stayed on the gold standard until 1933 or later suffered an average decline in production of A) 12 percent. B) 18 percent. C) 24 percent. D) > 30 percent.
Why are estimated models of demand and consumer behavior useful to managers?
What will be an ideal response?
Which of the following modern methods of financing a corporation was not available to corporations four hundred years ago?
A) selling stock B) selling bonds C) reinvestment. D) All of these methods were used then as well as now.