If we are going to get the most value from our resources, entrepreneurs should choose the investment alternatives that
A) result in the production of the largest possible output regardless of value to consumers.
B) are most heavily subsidized by the government.
C) yield a profitable rate of return.
D) reduce the value of resources and retard wealth accumulation.
C) yield a profitable rate of return.
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The table below shows the weekly demand for hamburgers in a market where there are just three buyers.PriceQuantity Demanded by Buyer 1Quantity Demanded by Buyer 2Quantity Demanded by Buyer 3$6746597841510123211516Refer to the table. If there were 200 buyers in the market, each with a demand schedule identical to Buyer 2, then the weekly quantity of hamburgers demanded in the market at a price of $4 would be
A. 800. B. 2,000. C. 37,000. D. 3,000.
Which of the following equations describes government saving?
A) T - TR - INT - G B) T - TR - INT + G C) T - TR + INT - G D) T - TR + INT + G
If an increase in the price of good X causes the demand for good Y to decrease, this indicates that
a. X and Y are complements. b. X and Y are substitutes. c. X and Y are unrelated. d. the demand for X is elastic, but the demand for Y is inelastic.
Who said "Work expands so as to fill the time available for its completion," and "Work expands to occupy people available for its completion"?
A. Adam Smith B. C. Northcote Parkinson C. Karl Marx D. John Maynard Keynes