Which of the following is considered a nonrenewable resource?
A. Sunlight
B. Rivers
C. Natural gas
D. Wind
Answer: C
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Price discrimination means charging:
A. the same price to all buyers even if production costs are different. B. higher prices to women and minorities. C. different prices to different buyers for essentially the same good or service. D. different prices for different products because production costs are different.
Which of the following is a potential cost of diversification?
A. Firms become bureaucratic and more expensive to manage as they grow. B. Shareholders find it expensive and risky to hold a diversified portfolio. C. The cost of production increases, thereby reducing profits earned by a firm. D. The supply of labor reduces, thereby reducing the level of production.
If aggregate demand just decreased, which of the following may have caused the decrease?
A) a decrease in the price level B) a decrease in imports C) a decrease in the interest rate D) a decrease in exports
You have $20,000 of current income and $45,000 of future income. The interest rate between the current and future period is 2 percent. What is the maximum amount you could consume in the future?
A. 65,400 B. 20,400 C. 65,000 D. 69,000