A reduction of inventory represents an increase in cash.
a. true
b. false
Ans: a. true
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What market structures other than oligopoly have the characteristic of one firm's actions affecting the actions of its competitors? Explain your answer
What will be an ideal response?
Moral hazard occurs when:
a. Individuals and institutions do not bear the full cost of their own mistakes. b.Individuals and institutions make immoral decisions based on greed. c. General social decay leads to unethical business decisions. d. The actions of one (or a few) result cause harm to others, when the same would not occur if the actions were by many. e. All of the above are examples of moral hazard.
In the ordered pair (3, 6), 3 is the
a. x-coordinate. b. y-coordinate. c. origin. d. slope.
The major economic problem with recent farm policies is that they provide price and income subsidies that:
A. Are insufficient to keep farmers producing B. Increase the demand for farm products C. Slow the exodus of resources from agriculture D. Limit production to the most profitable products