Analysis of a proposed merger involves examining its effect only on a market's concentration.
Answer the following statement true (T) or false (F)
False
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At its minimum point, the average-total-cost curve is intersected by the:
a. average fixed cost curve. b. average variable cost curve. c. total fixed cost curve. d. total variable cost curve. e. marginal cost curve.
Physical and human capital investments are
a. different in that the opportunity for economic profit is present for physical capital but not for human capital investments. b. different in that human capital decisions do not involve future income considerations, while physical capital investments do. c. similar in that nonmonetary considerations play an equally important role in both. d. similar in that both involve forgoing current income (and consumption) in an effort to achieve higher future income (and consumption).
How will an increase in the government budget surplus as a result of lower government spending (with no change in net taxes) affect private saving in the economy?
A) Private saving will increase by the amount of increase in the budget surplus. B) Private saving will decrease by the amount of increase in the budget surplus. C) Private saving will decrease by less than the amount of increase in the budget surplus. D) Private saving will be unaffected by the increase in the budget surplus.
The richest American is ______.
Fill in the blank(s) with the appropriate word(s).