Things that a firm owns that are worth something are classified as
A. net worth.
B. assets.
C. liabilities.
D. deposits.
Answer: B
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If the marginal utility of each good a consumer buys does not diminish but remains constant, we should see consumers
a. buying no goods at all b. spending all of their income on the good with the highest marginal utility c. buying one unit of each good d. buying only the least expensive good e. leaving the store in total confusion
Rank bonds, common stock, and preferred stock with regard to two factors the possibility of a substantial increase in value. Rank these same securities with regard to investors' legal claims for repayment on their investments
Which of the following claims is consistent with the views of mainstream economists?
a. If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will temporarily fall. b. If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will temporarily rise. c. If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will permanently fall. d. If we increase the rate of inflation from 3 percent to 6 percent, then the rate of unemployment will permanently rise.
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.