If consumers receive an increase in income of $1,000 . their spending will increase by a smaller amount
a. True
b. False
Indicate whether the statement is true or false
True
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Intel's capital at the end of the year equals Intel's capital at the beginning of the year
A) plus net investment. B) plus depreciation. C) minus its stock dividends. D) plus gross investment. E) minus depreciation.
Excess reserves equal total reserves plus required reserves
Indicate whether the statement is true or false
At an output of 6, ATC = $30, MC = $25, MR = $25. At that output the firm is
A. maximizing its profits. B. minimizing its losses. C. operating at its break-even point. D. operating at its shutdown point.
If a CEO is a better at typing a document than his assistant, he is said to have a(n) ________ advantage in typing over his assistant.
A. absolute B. overwhelming C. unusual D. relative