New England's exports went primarily to
a. the United Kingdom.
b. continental Europe.
c. the West Indies.
d. Africa.
c. the West Indies.
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During an economic expansion, the demand for money ________ because ________
A) decreases; nominal GDP increases B) increases; real GDP increases C) increases; nominal GDP does not change D) does not change; people make more purchases with credit cards E) decreases; real GDP increases
Which of the following statements is true about the total utility provided by a good?
a. Total utility can never be negative. b. Total utility is maximized when marginal utility is maximized. c. Total utility continues to increase as more of the good is consumed. d. Total utility is maximized when marginal utility is zero (for total utility > 0). e. Total utility is maximized when marginal utility is zero (for total utility < 0).
The average-fixed-cost curve is always declining. How does this affect the relationship between the AVC and ATC curves?
Answer the following statement(s) true (T) or false (F)
1. Bonds are considered riskier than stocks. 2. Preferred stockholders are paid before bondholders. 3. Common stock dividends do not vary based on profit. 4. Stockholders are the people who own corporations. 5. It is very difficult for an individual to own stock in a corporation.