A university should not disband its football team if it has already paid for the stadium
a. True
b. False
B
You might also like to view...
In the Keynesian model, suppose the Fed wants to keep output unchanged. If the IS curve shifts to the left, and the Fed acts to keep output unchanged, then
A) taxes will increase. B) the money supply will decline. C) the real interest rate will decrease. D) taxes will decrease.
"A person's decision to work for pay is a simple cost/benefit question.". Explain this statement
The profit-maximizing level of output for any firm in a perfectly competitive market is to produce where:
A. MC > MR. B. MC < MR. C. MC = MR. D. MR = P*.
The reason that people may not want to hold money is
A) the precautionary demand for money and the risk of being robbed.
B) the opportunity cost.
C) the transactions demand makes it unnecessary.
D) due to the direct relationship between money demand and the interest rate.