Profit is the return to entrepreneurship.
Answer the following statement true (T) or false (F)
True
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What information is typically included in a prospectus?
What will be an ideal response?
If there were no adverse selection problems in the stock market,
A) some well-run firms would pay more to raise funds. B) some poorly-run firms would pay less to raise funds. C) the willingness of savers to invest in the market would be increased. D) the volume of new stock issues would be lower.
Refer to Figure 11.3. Assume aggregate demand is represented by AD3 and full-employment output is $5.8 trillion. To restore price stability, the AD curve must shift
A. Rightward by $400 billion. B. Rightward by $800 billion. C. Leftward by more than $200 billion. D. Leftward by less than $200 billion.
Suppose Mary is willing to pay up to $15,000 for a used Ford pick-up truck. If she buys one for $12,000, her ________ would be ________.
A. economic surplus; $12,000 B. benefit; $12,000 C. economic surplus; $3,000 D. cost; $15,000