Define a corporation
What will be an ideal response?
A corporation is a legal form of business that provides owners with protection from losing more than their investment should the business fail.
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When comparing the U.S. and Mexican car assembly industries, the disadvantage of higher U.S. wages is offset by
A) Mexican trade barriers. B) trade adjustment assistance in the United States. C) higher productivity in the United States. D) a lower opportunity cost in Mexico. E) "Buy American" advertising campaigns in the United States.
Suppose than an economy has output Y = A , that Y equals $42 trillion, capital K is $64 trillion, and labor L is 125 million workers. Given this information, what is the closest approximation of total factor productivity A?
A) less than 0.01 B) around 0.25 C) roughly 0.33 D) close to 0.4 E) exactly 144
If consumer incomes go up and Harley Davidson motorcycles are a normal good, the effect on the demand for motorcycles, ceteris paribus, will be a(n):
a. upward movement along the demand curve for motorcycles. b. downward movement along the demand curve for motorcycles. c. rightward shift in the demand curve for motorcycles. d. leftward shift in the demand curve for motorcycles.
Each year the government makes interest payments to people who own part of the public debt. The debt is in the form of
a. Federal Reserve Notes b. Treasury bills, notes, and bonds c. stocks and bonds d. FDIC notes e. private securities