Faster economic growth imposes an opportunity cost in the form of
a. reduced current consumption.
b. a larger capital stock.
c. increased investment.
d. increased future income.
a
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Liquidity refers to how:
A. easy an asset is to convert immediately to cash without losing value. B. quickly the same dollar changes hands in the economy. C. easy money converts to assets in an economy. D. quickly the average household spends its disposable income.
A 25% decrease in the price of breakfast cereal leads to a 20% increase in the quantity of cereal demanded. As a result: a. total revenue will decrease
b. total revenue will increase. c. total revenue will remain constant. d. the elasticity of demand will increase.
A monopoly produces widgets at a marginal cost of $20 per unit and zero fixed costs. It faces an inverse demand function given by P = -100 ? 4Q. Suppose fixed costs rise to $401. What happens in the market?
A. The firm will reduce its output and raise price. B. The firm will raise the price. C. The firm will continue to produce the same output and charge the same price. D. The firm will shut down immediately.
ADRs that are created at the request of a foreign firm wanting its shares traded in the United States are ________.
A) facilitated B) unfacilitated C) sponsored D) unsponsored