Land is a resource category that includes timber growing on the land
Indicate whether the statement is true or false
T
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One difference in the creation of a corporation as opposed to other forms of business is that a corporation
a. requires the receipt of a state charter b. must receive a federal charter c. must have at least 10 employees d. must operate in at least two states e. must produce at least two products
Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's total cost at its profit-maximizing level of output is ________.
A. $2,700 B. $1,200 C. $900 D. $1,600
The most important determinant of a household's consumption spending is
a. its disposable income
b. the in-kind transfers received by the household.
c. the level of education of the members of the household.
d. the interest rate.
e. the ratio of wage to non-wage income of the household.
Individuals
A. are too small to matter in macroeconomic decision making. B. need to participate in a democracy. C. make up the government. D. are too small to matter in macroeconomic decision making and need to participate in a democracy. E. need to participate in a democracy and make up the government.