If an economy's depreciation is greater than its gross investment, then
A) net investment is negative and saving is negative.
B) net investment is positive and saving is positive.
C) net investment must equal saving.
D) the economy's capital stock decreases.
E) net investment is positive and saving is negative.
D
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Mutual funds that offer limited shares that are not redeemable are referred to as
A) open-end. B) closed-end. C) negotiable. D) nonnegotiable.
Factors that cause the short-run supply curve to change are factors that affect
A) demand. B) fixed costs. C) variable costs. D) the market but not the individual firm.
A monopsony is an example of:
A. a buyer holding market power. B. a seller holding market power. C. an efficient market with no market power. D. a single seller holding all market power.
What portion of the demand curve will profit-maximizing monopolists choose to operate on: the inelastic portion or elastic portion? Why?