The goal of the business firms in a market economy is to maximize
A. Total sales.
B. Total utility.
C. Total profits.
D. Total welfare.
Answer: C
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Refer to the above table. Suppose the U.S. government (but not Europe) offers a $10 million subsidy?
What will be an ideal response?
A 25-year floating rate mortgage has its rate adjusted twice a year. This gives it a re-pricing maturity of
A) six months. B) twenty-four years and six months. C) twenty-five years. D) fifty years.
Money is not ________
A) income because the former is a stock measure and the latter a flow B) wealth because the former is generally used to procure the latter C) as inefficient as barter because the latter requires a double coincidence of wants D) all of the above E) none of the above
Which of the following statements provides the most accurate description of the period between the Civil War and WWI?
a. Real per capita wages were relatively flat. b. The share of immigrants was increasingly Protestant. c. Businesses became increasingly regulated. d. The average hours of work for employees in the industrial sector increased slightly.