Which of the following would not be considered a positive addition to household wealth?
A) a credit card balance B) the balance in your checking account
C) 1,000 shares of Microsoft stock D) the equity in one's home
A
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Use the following graph for a competitive market to answer the question below.
For a price floor to be effective and alter the market situation, it must be set
A. at $15. B. below $15. C. at $10. D. above $15.
The primary purpose of a conglomerate merger is
a. to achieve economies of scale available through increased production of a single good. b. to allow for decentralized management by spreading authority of a number of people spread throughout company locations. c. to avoid adverse effects of business cycles through diversification. d. to reduce competition by purchasing and then closing competing firms.
An outward shift in the consumer demand for wheat will
A. raise the price of wheat and shift out the marginal revenue product of labor producing wheat. B. lead to more capital and less labor used in producing wheat. C. raise the price of wheat and shift inward the marginal revenue product of labor producing wheat. D. lead to downward pressure on the wages of those producing wheat.
A summary of a country's economic transactions with foreign residents and governments is called the
A. balance of trade. B. financial account balance. C. balance of payments. D. current account balance.