Money is valuable because it
What will be an ideal response?
reduces transaction costs.
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Javier wants to start a microbrewery business and is thinking of setting it up as a sole proprietorship
What are the advantages and disadvantages he will face by setting up the business as a sole proprietorship as opposed to a partnership or a corporation?
Inflation is defined as the sustained increase in relative prices
a. True b. False Indicate whether the statement is true or false
Over the next three years, a firm is expected to earn economic profit of $200,000 in the first year, $300,000 in the second year, and $250,000 in the third year. After the end of the third year, the firm goes out of business. If the risk-adjusted discount rate is 9 percent for each of the next three years,
1. The firm can be sold today for a price of $______________. 2. The value of the firm is $______________.
When the dollar depreciates, this shifts the AD curve rightward and the SRAS curve leftward, leading to a higher price level
Indicate whether the statement is true or false