The opportunity cost of capital is an implicit cost almost every business incurs
a. True
b. False
Indicate whether the statement is true or false
True
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The necessity for choice, in economics, arises from
a. high incomes and many goods. b. scarcity of economic means for satisfying economic wants. c. scarcity of time and knowledge, and numerous similar goods. d. All of the above are correct.
Employing the data from Figure 2-2, income Y is equal to
A) $3,000,000. B) $3,300,000. C) $3,600,000. D) $5,100,000.
How is the interest rate that prevails in the bond market determined?
A) by the interaction of stock prices and bond prices B) by the decision of the president, in consultation with Congress C) by the demand for and supply of bonds D) by the Board of Governors of the New York Stock Exchange
A balance of trade surplus exists when
A. net exports are negative. B. imports exceed exports. C. net exports are positive. D. All of the choices are true.