The development of a financial market is not important in determining the economic growth of a nation
a. True
b. False
Indicate whether the statement is true or false
False
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Which statement is true?
A. We have had a central bank since 1789. B. We have never had a central bank. C. Our central bank was formed in 1913. D. We did not have a central bank prior to the Federal Reserve.
Which of the following is an implicit cost to Mondo Manufacturing, Inc? a. Payments of wages to its office workers
b. Property taxes. c. Depreciation charges on company owned automobiles and trucks. d. Rent paid for the use of equipment.
Firms seek to maximize:
A. per unit profit. B. total revenue. C. total profit. D. market share.
In an economy where firms in most industries are purely competitive firms, individual firms in each industry would produce ________ products and have a ________ share of industry output.
A. differentiated; large B. differentiated; small C. standardized; small D. standardized; large