_____ illustrates the speculative temper of the 1920s
a. The Ponzi scheme
b. The New York pyramid scandal
c. The Florida Land Boom
d. Both a and b are correct.
e. Both a and c are correct.
e. Both a and c are correct.
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In the short run, if a firm is suffering a loss, it should
a. always shut down to prevent further losses. b. continue to operate as long as it can recover variable cost. c. continue to operate as long as it can recover fixed cost. d. continue to operate if marginal cost is below average total cost.
The break-even investment line becomes flatter when the depreciation growth rate ________ or the labor force growth rate ________
A) increases; decreases B) increases; increases C) decreases; increases D) decreases; decreases
It is true that the distribution process carried out by the price system
a. accomplishes the task more efficiently than central planners would. b. favors the rich. c. is superior to other rationing mechanisms because it is able to pay attention to individual consumer preferences. d. All of the above are true.
Unemployment that results when there are more people seeking jobs in a labor market than there are jobs available is called:
What will be an ideal response?