The takeover process dissipates capital, making it an inefficient market mechanism.
Answer the following statement true (T) or false (F)
True
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The federal government debt as a percentage of GDP fell during
A) 2002-2007. B) 1980-1992. C) 1998-2001. D) World War II.
Suppose in the automobile industry with free entry and exit, the marginal cost is constant at $5,000, two identical manufacturers are currently producing 1,000 cars each and earning zero economic profit
If the equilibrium price is $20,000, then what is the fixed cost for each manufacturer? A) $20,000,000 B) $15,000,000 C) $5,000,000 D) $10,000,000
The higher the anticipated inflation rate, _____
a. the more workers will ask for in wages and the more firms will agree to pay b. the more workers will ask for in wages and the less firms will agree to pay c. the less workers will ask for in wages and the less firms will agree to pay d. the higher the real wage increases offered by firms e. the higher the real wage increases asked for by workers
Which of the following would cause a shift in the demand curve for a good?
a. An increase in consumers' income. b. A decrease in the number of consumers. c. The expectation that the price of a good will increase in the future. d. All of these.