Net worth is
A) a measure of a firm's profits.
B) the difference between a firm's assets and liabilities.
C) part of stockholders' equity.
D) listed on the asset side of a firm's balance sheet.
B
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Refer to Figure 2-10. If the economy is currently producing at point E, what is the opportunity cost of moving to point D?
A) 16 thousand spoons B) 26 thousand forks C) 20 thousand forks D) 0 spoons
By the 18th century, the bulk of world output was produced in:
a. Asia b. Africa c. Europe d. The Asian offshoots e. none of the above
Which one of the following statements is true?
a. A low discount rate is always better for environmental protection b. A high discount rate is always better for environmental protection c. A discount rate of zero is always best for environmental protection d. Discounting will decrease the magnitude of future costs and benefits e. High discount rates should be used to evaluate long-term impacts
An expansionary fiscal policy is likely to result in
A) higher interest rates and lower private investment. B) lower interest rates and higher private investment. C) higher interest rates and higher private investment. D) lower interest rates and lower private investment.