Information that is NOT available to the general public about what is happening in a corporation is
A. limited liability.
B. inside information.
C. economic rent.
D. opportunity benefit.
Answer: B
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Financial intermediaries are institutions that
A. set interest rates. B. create money. C. transfer funds in the form of loans from savers to investors. D. provide checking accounts.
Answer the question based on the following list of items that are related to aggregate demand and/or aggregate supply.
Refer to the list above. A change in which factor is most likely to change both aggregate demand and aggregate supply?
A. 3
B. 5
C. 7
D. 6
A firm in a perfectly competitive industry faces the following cost and revenue conditions: ATC = $6; AVC = $3; MR = MC = $5. The firm is
A) earning economic profits. B) experiencing economic losses. C) experiencing zero profits. D) in a position in which it should shut down.
When demand is elastic, an increase in price will lead to an increase in total revenue
a. True b. False