The use of public money to attract sports entities
A. is limited to football.
B. was used by the city of Indianapolis to attract the offices of the NCAA from Kansas City.
C. is now causing the Master's golf tournament to move to Las Vegas.
D. is overwhelmingly in baseball.
Answer: B
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The introduction of human capital to the Solow neoclassical growth model ________ the predicted rate of return on investment in rich countries relative to poor countries
A) increases B) reduces C) may either increase or reduce D) has no effect on
When the price level is below the level at which the aggregate demand curve crosses the long run aggregate supply curve
A) there will be no price level change. B) there will be pressures that will lead to a shift of either the aggregate demand or the long run aggregate supply curves. C) total planned real expenditures will exceed actual real GDP, and the price level will increase. D) total planned real expenditure will be lower than actual real GDP, and the price level will increase.
A firm realizes that the market price has fallen below its average total costs, and it is now earning a loss. What is the best action for the firm to take in the short run?
A. Stay open if price is greater than average variable costs. B. Shut down immediately and pay fixed costs only. C. Stay open if total revenue is greater than fixed costs. D. Shut down if price is greater than average variable costs.
The antitrust legislation that made it illegal for a firm to buy a competitor's voting stock was the:
a. Sherman Antitrust Act. b. Celler-Kefauver Act. c. FTC Act. d. Robinson-Patman Act. e. Clayton Act.