The special privileges and obligations of corporations are defined by law.
Answer the following statement true (T) or false (F)
True
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Which of the following is the most closed economy?
a. the Netherlands b. the United States c. Germany d. Russia e. Canada
The existence of menu costs are often used to explain why
A) fiscal and monetary policies should be relatively effective. B) the price of services, like those provided by restaurants and barbers, rise at a faster rate than the price of goods, like automobiles and clothing. C) food prices tend to rise disproportionately rapidly in the consumer price index. D) price and wage adjustments will be relatively rapid. E) people prefer to look backward, instead of forward, when anticipating the future.
Another name for a consol is a ________ because it is a bond with no maturity date. The owner receives fixed coupon payments forever
A) perpetuity B) discount bond C) municipality D) high-yield bond
Normal profit
A) is when economic profits are zero. B) is the profit that competition will allow. C) is the opportunity cost of capital. D) all of these choices.