Financial institutions reward savers with the following, except
A.
Interest
B.
Wages
C.
Dividends
D.
Capital gains
B.
Wages
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The total product curve shows the relationship between total product and
A) cost. B) the quantity of labor. C) the average product. D) the marginal product. E) the marginal cost.
If the demand faced by a firm is elastic, selling one less unit of output will:
a. increase revenue. b. decrease revenue. c. keep revenues constant. d. decrease price.
When an economist states that the monetarist transmission mechanism is "direct" it means that a change in the money supply creates a direct impact on the goods and services market
Indicate whether the statement is true or false
Which of the following statements is true?
A. The higher the marginal cost, the lower the profit-maximizing price. B. The more elastic the demand, the higher the profit-maximizing markup. C. The more elastic the demand, the lower the profit-maximizing markup. D. The higher the average cost, the lower the profit-maximizing price.