Direct controls often require long legal proceedings before they can be effective
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
A computer you are considering for your business would add $4,000 per year to your profit. It would cost $400 a year to buy a complete maintenance contract so that you would never have repair and upkeep expense. The obsolescence depreciation is 25% a year. The going market interest rate is 5%. Assume all costs and revenue occur at the end of the year. If the going interest rate went up to 10%, how much would you be willing to pay for the machine?
What will be an ideal response?
Government failure will likely arise if
A. Government officials attempt to maximize their own utility. B. There are no valuation problems. C. The free-rider problem occurs. D. Public services have reliable market prices.
Federal Reserve actions that offset unexpected monetary developments and contribute to the smooth everyday functioning of the economy are called
A. defensive actions. B. dynamic actions. C. accommodative actions. D. automatic actions.
If the supply of labor to a firm is perfectly elastic at the going wage rate established by the forces of supply and demand then
A. the wage rate has been decreasing. B. the firm can only hire additional units of labor by driving the wage rate up. C. full employment exists in the labor market. D. the firm is price taker.