The Keynesian aggregate expenditures model assumes that price level is constant
a. True
b. False
Indicate whether the statement is true or false
True
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Opportunity cost is defined as the
A) total value of all the alternatives given up B) highest-valued alternative given up C) cost of not doing all of the things you would like to do. D) lowest-valued alternative given up
A natural monopoly maximizes profits at the point at which price equals minimum average total cost
a. True b. False Indicate whether the statement is true or false
Suppose the Inkuyo family invests in the local bottling corporation. Albert, Brad, Carol, and Diana each invest separately. At the end of a very successful quarter, Carol and Brad receive a payment from the corporation equal to 10 percent of their investment. Albert receives 7 percent, but is paid before Carol or Brad. Diana receives 6 percent and is paid before Albert. If Albert knew how much he
was going to receive before the check arrived, he most likely invested in a. common stock b. preferred stock c. indirect stock ownership d. mutual funds e. low-yield dividends
In the principal-agent problem, the principal is:
A. a person who is the source of the problem. B. a person who carries out a task on someone else's behalf. C. a person who entrusts someone with performing a task. D. a person who is in charge of an educational system.