The goal of the firm, according to economists, is to
A. make as much economic profit as is possible.
B. grow as large as possible.
C. sell as many units of the good it produces as possible.
D. stay in business for as long as possible.
Answer: A
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As more firms are attracted to an industry, the supply curve can be expected to shift to the right.
Answer the following statement true (T) or false (F)
In an economy in with no income taxes or imports, the multiplier equals
A) . B) . C) . D) . E) .
In the research that used the audit method to send out 5,000 realistic-looking resumes for advertised jobs in Boston and Chicago, which of the following was one of the results?
A) White names received roughly the same number of interview requests as black names. B) High-quality resumes with black names received no more interview requests than low-quality resumes with black names. C) High-quality resumes with white names received roughly the same number of interview requests as low-quality resumes with white names. D) All of the above reflect the results of the research.
Which of the following counties are largely dependent on trade with the United States?
a. China and Japan b. U.K. and Germany c. Canada and Mexico d. France and Belgium e. Canada and U.K