What is social capital? Give an example
What will be an ideal response?
Social capital is capital that provides services to the public. Examples include public works such as roads and bridges or public services such as police protection.
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The largest colony in 1770 in both population and claims on hinterlands was
(a) Massachusetts (b) Pennsylvania (c) Virginia (d) New York
A profit maximizing monopolist
A) is guaranteed to lose money because of a lack of competition. B) is not guaranteed to make a positive profit. C) is guaranteed to make a positive profit, hence the desire to be a monopolist. D) is guaranteed to make a non-negative profit, otherwise government would step in to assist.
The corporate tax applies to firms' total revenues
a. True b. False Indicate whether the statement is true or false
When consumers purchase a good or service, they do so in order to ______________ their utility.
a. increase b. decrease c. equalize d. trade