Dumping can never be a profit maximizing strategy for a firm to follow
Indicate whether the statement is true or false
FALSE
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Which of the following classifications is correct?
A. City streets are consumption goods because they wear out with use. B. Stocks are capital goods because when people buy and sell them they make a profit. C. The coffee maker in the coffee shop at an airport is a consumption good because people buy the coffee it produces. D. White House security is a government service because it is paid for by the government..
The financial system performs the role of communicating information by
A) constantly increasing the liquidity of most assets. B) constantly reducing the riskiness of most assets. C) incorporating all available information into the prices of financial assets. D) providing to investors for a nominal charge all government reports available about a particular company.
The price for labor is the wage rate. What happens to the demand for labor if wages increase?
a. It increases. b. It decreases. c. It does not change. d. Uncertain-economic theory has no answer to this question.
Means tested government programs:
A. require recipients to undergo skills testing for benefits. B. are rarely used in the US. C. are as effective as unconditional cash transfers. D. define eligibility for benefits based on recipients' income.