_____ is a monthly payment made by a franchisee to the franchisor usually a certain percentage of the former's gross revenue
a. Royalty
b. Annuity
c. Contingent fee
d. Capitation fee
A
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Suppose the national government increased taxes by $20 billion. The net effect on the banking system would be to:
a. Reduce bank reserves by $20 billion and reduce bank deposits by $20 billion. b. Increase bank reserves by $20 billion and increase bank deposits by $20 billion. c. Increase government checking accounts in the banking system by $20 billion and reduce the public's checking accounts there by $20 billion. d. Decrease government checking accounts in the banking system by $20 billion and increase the public's checking accounts there by $20 billion. e. Increase government checking accounts in the banking system by $20 billion and increase the public's checking accounts there by $20 billion.
While price misperceptions can cause an increase in labor supply and GDP in the short-run, in the long run:
a. money is no longer neutral in the model. b. labor supply returns to its initial position. c. money negatively impacts real GDP. d. all of the above.
An equilibrium in the labor market is a situation in which:
A. there is no pressure for wages to change. B. there is no unemployment. C. wages exceed minimum wage. D. marginal revenue product equals the wage.
When comparing elasticities between two different linear demand curves, the curve that is flatter has greater price elasticity at every given price
Indicate whether the statement is true or false