When Jeneva went to Costa Rica in July 2008, a U.S. dollar was worth 550 colones. If today a U.S. dollar is worth 650 colones, it means that the U.S. dollar has depreciated against the colone
Indicate whether the statement is true or false
FALSE
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During a recession, firms' expected profit from investment ________ so the demand for loanable funds curve ________
A) rises; shifts rightward B) falls; shifts leftward C) rises; shifts leftward D) falls; does not shift E) falls; shifts rightward
Which statement is FALSE considering both advantages and disadvantages of corporations as a legal business organization?
A) Perhaps the greatest advantage of corporations is that their owners (the shareholders) enjoy limited liability—limited to the value of their shares. B) Legally the corporation continues to exist even if one or more owners cease to be owners. C) Corporations usually are not as well positioned as proprietorships and partnerships to raise large sums of financial capital. D) Separation of ownership and control is a disadvantage of the corporate structure; owners and managers may have different incentives.
Labor's Magna Carta was the Wagner Act
Indicate whether the statement is true or false
Consider the monopoly depicted in Figure 13.3. Relative to the cost of producing the quantity the monopolist would choose under an average-cost pricing policy, the cost of producing Q4 units is:
A. less. B. the same. C. more. D. twice as much.