In the U.S., the ________ is a law to keep markets open and competitive
A) Sherman act
B) Samuelson act
C) Monopoly act
D) pro-competition act
A
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The Federal Reserve System is the central bank of the United States
Indicate whether the statement is true or false
If you buy a bond issued by Intel, the bond is a(n):
A) liability to Intel and an asset to you. B) liability to you and an asset to Intel. C) liability to both you and Intel. D) asset to both you and Intel.
Candy Cane Corporation (CCC) produces 100,000 boxes of candy canes per year that sell for $3 a box. If variable costs are $2 per box and it has $125,000 in fixed operating costs, in the short run the CCC should:
A. reduce production until the break-even point is reached. B. shut down as fixed costs are not being covered. C. keep producing as profits are $25,000. D. keep producing because variable costs are covered.
At the point of consumer equilibrium, the slope of the budget line is equal to the:
A. indifference curve. B. consumer preference. C. market rate of indifference. D. marginal rate of substitution.