According to the book, the characteristic way an individual or family manages resources is shaped by 5 forces, which of the following is not one of them
a. Psychological/personality
b. Economic
c. Technological
d. Cognitive
D
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Prices help coordinate all phases of production so producers have the right quantities of resources they need, in the right place, to operate
Indicate whether the statement is true or false
What determines the supply of loanable funds and what makes it change?
What will be an ideal response?
Suppose that one-year Treasury bills yield 6 percent in the United States and 4 percent in Britain. Investors will be indifferent between them if they expect the dollar to
A) depreciate against the pound by approximately 2 percent. B) appreciate against the pound by approximately 2 percent. C) depreciate against the pound by approximately 33 percent. D) appreciate against the pound by approximately 33 percent.
Which of the following would shift a firm's short-run cost curves downward?
a. an advance in technology b. an increase in employees' wages c. an increase in the demand for the firm's product d. an increase in excise taxes levied on the firm's product