Free entry and exit of firms is a characteristic of:
A. all industries in the U. S. economy.
B. centralized economies.
C. industries in which firms are earning positive economic profit.
D. perfectly competitive industries.
Answer: D
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The purchase of less than 10 percent of the shares of ownership in a foreign company is referred to as a
A) negligible investment. B) foreign indirect investment. C) foreign direct investment. D) portfolio investment.
The two major trading partners of the United States are
a. Germany and Mexico b. Mexico and Canada c. Japan and Canada d. Canada and Brazil e. Brazil and Japan
When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of output for $25.When Acme Dynamite produces 250 units of output, its average variable cost is ________ and its average total cost is ________.
A. $8; $10 B. $10; $10 C. $10; $2 D. $8; $2
All of the following are macroeconomic effects of inflation except
A. Bracket creep. B. Uncertainty. C. Speculation. D. Lower taxes.