Which of the following inputs are variable in the long run?
A) labor.
B) capital and equipment.
C) plant size.
D) all of these.
D
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Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a sole proprietorship. What is one disadvantage to Torrie of setting up her business as a sole proprietorship?
A) As a sole proprietor, Torrie would be taxed twice. B) As a sole proprietor, Torrie would not have control of the business. C) As a sole proprietor, Torrie would face unlimited liability. D) As a sole proprietor, Torrie would be subject to significant rules and regulations.
Between from 2002 through 2016 the Federal Reserve:
A. raised rates in order to follow the Taylor Rule. B. abandoned the Taylor Rule in favor of the Greenspan Rule. C. lowered rates and went against the Taylor Rule. D. left rates unchanged in order to follow the Taylor Rule.
Which of the following is the most accurate statement about nominal and real interest rates?
a. Nominal and real interest rates always move together. b. Nominal and real interest rates never move together. c. Nominal and real interest rates often do not move together. d. Nominal and real interest rates always move in opposite directions.
According to the second law of thermodynamics
a. matter and energy can be neither created nor destroyed b. nature’s capacity to convert matter and energy is limited c. nothing is lost in the conversion of materials from economic activity into other forms of matter and energy d. all of the above e. none of the above