The payments made for the use of money are called investment.
Answer the following statement true (T) or false (F)
False
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In many rural areas, electric generation and distribution utilities were initially set up as cooperatives in which the electricity customers were member-owners. Like most cooperatives, the objective of these firms was to:
A) maximize profits for the member-owners. B) maximize total revenue that could be redistributed to the member-owners. C) operate at zero profit in order to provide low electricity prices for the member-owners. D) minimize the costs of production.
When the government redistributes income to achieve greater equality, it
a. distorts incentives. b. improves efficiency. c. focuses on middle income brackets. d. relies on foreign aid to help balance the budget.
Most economists agree that the best rate of inflation for a stable economy would be around:
A. five to six percent. B. zero. C. seven percent. D. two to three percent.
If the price of a product being sold in a perfectly competitive market decreases
A) the MRP curve shifts to the left. B) the MRP curve shifts to the right. C) the MFC curve shifts to the right. D) the MFC curve shifts to the left.