With regard to crowd funding, all of the following accurately describe "qualified investors" EXCEPT:
A) they must have incomes of at least $200,000 per year
B) there are no longer any distinctions between investors following the passage of the JOBS act
C) they must have assets of at least $1 million not including the value of their house
D) they must make up a majority of investors in each start up
B
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The fact that the Social Security tax is shared evenly between employers and employees _____
a. has nothing to do with who bears the actual burden of the tax b. has everything to do with who bears the actual burden of the tax c. is important to who bears the actual burden of the tax if the supply curve is perfectly inelastic d. is important to who bears the actual burden of the tax if the demand curve is perfectly inelastic
Let the TC curve be given by the equation TC(Q) = 6Q. The FC curve can be expressed as
A. 6Q. B. 6. C. 0. D. It cannot be determined with the information given
If both the demand for a product and the supply of it decrease, then the equilibrium quantity will ________ and the equilibrium price will ________.
A) increase; either increase, decrease, or remain constant B) decrease; either increase, decrease, or remain constant C) increase; increase D) increase; decrease
If global pollution causes climatic changes that permanently harm crop production worldwide, aggregate supply and demand analysis would lead us to expect _____
Fill in the blank(s) with the appropriate word(s).