If managers of a private corporation perform poorly, each owner has the option of
a. closing down the firm
b. selling her share of the firm
c. managing the firm herself
d. paying no taxes on the little profit she does receive
e. selling off the plant and equipment of the firm
B
You might also like to view...
The Federal Reserve's narrowest definition of the money supply is
a. M0. b. M1. c. M2. d. M3.
Suppose the minimum wage was $0.25 per hour in 1938 and the CPI in that year was 11.5
If the CPI in 1990 was 130.7, what is the real value of the 1938 minimum wage in terms of 1990 dollars? The real value of the 1990 minimum wage in terms of 1990 dollars is $4.25. Has the real value of the minimum wage declined since 1938?
Politicians and citizens may often choose policies that reduce economic efficiency because they are perceived as "fairer."
a. True b. False Indicate whether the statement is true or false
Equal increases in government spending and taxes will:
a. lead to an increase in the equilibrium level of real GDP output that is larger than the initial change in government spending and taxes. b. cancel each other out so that the equilibrium level of real GDP will remain unchanged. c. lead to an equal increase in the equilibrium level of real GDP. d. lead to an equal decrease in the equilibrium level of real GDP.