The __________ is the price of money (loanable funds).
A. wage
B. rent
C. demand
D. interest rate
D. interest rate
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A solution to the budget-gaming problem is
a. Introduce milestones or kinks in the compensation scheme b. Use a target based pay function with each target scoring greater return c. Do not base compensation on meeting a particular budget goal d. All of the above
The fewer the number of firms present in a market, the:
A. more competition is likely to be present. B. less likely barriers to entry are present. C. more likely market power will exist. D. less like a monopoly it will behave.
At one unit of output AVC is
A. zero. B. less than marginal cost. C. infinite. D. equal to marginal cost.
Macroeconomics
A. deals with both individual decisions and the sum of those individual decisions. B. studies the behavior of individual consumers, firms and markets. C. studies the behavior of the economy as a whole. D. involves the interaction between different countries in specific markets.