Takeover bids (and the potential for such bids)
a. increase the incentive of corporate managers to perform efficiently.
b. increase the likelihood that managers will be able to gain at the expense of stockholders.
c. are more likely to occur when a company is producing efficiently and operating profitably.
d. serve no useful economic purpose.
A
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A firm has reached its shutdown point when price is equal to minimum average total cost
Indicate whether the statement is true or false
Suppose the population of El Campo is 120,000. Of the population 16 years and older, 50,000 are employed, 10,000 have never worked and are not looking for work, 5,000 are not working and are looking for work, and 15,000 are retired and not looking
for work. The labor force equals A) 50,000. B) 55,000. C) 65,000. D) 80,000.
Transfer payments are government grants, subsidies, or gifts to individuals or firms.
What will be an ideal response?
Economists say that long-run economic growth is almost entirely due to:
A. rising productivity. B. population growth. C. a democratically elected government. D. a balanced budget.