One difference in the creation of a corporation as opposed to other forms of business is that a corporation
a. requires the receipt of a state charter
b. must receive a federal charter
c. must have at least 10 employees
d. must operate in at least two states
e. must produce at least two products
A
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Refer to Table 4.2. With which scenario will you be worst off by investing in Japanese bonds instead of U.S. bonds?
A) A B) B C) C D) D
Income has risen in the simple Keynesian model. This could be the result of:,
a. an equal increase in government spending and taxes. b. an increase in unplanned investment. c. an increase in taxes d. a decrease in autonomous consumption. e. none of the above
Which of the following statements is correct with respect to price elasticity of supply?
A. The price elasticity of supply tends to be greater as new firms can easily enter the market. B. The price elasticity of supply tends to be greater as expanding existing production facilities is less costly. C. The price elasticity of supply tends to be smaller as firms have limited production facilities. D. All of these are correct.
Use the above figure. The consumer's choice changes from YB to YA. Which of the following statements about good Y is TRUE?
A. price has increased and the quantity demanded has fallen. B. price has decreased and the quantity demanded has fallen. C. price has decreased and the quantity demanded has risen. D. price has increased and the quantity demanded has risen.