If demand for a seller’s product is elastic, a price increase will decrease total revenue.
Answer the following statement true (T) or false (F)
True
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Each of the following is a source of financial capital for a corporation EXCEPT
A) issuing new stock. B) reinvestment of profit or retained earnings. C) issuing bonds or borrowing funds from a bank. D) dividends.
Government failure describes a situation where government activity creates negative externalities
Indicate whether the statement is true or false
Hasan’s manager is ordering pizza for the office for tomorrow. She asks everyone to tell her the maximum number of slices they will eat. If Hasan seeks to maximize his total utility as shown in this graph, what is the maximum number of slices he will eat?
a. 3
b. 4
c. 5
d. 6
The three main monetary policy tools used by the Federal Reserve to manage the money supply are
A) interest rates, tax rates, and government spending. B) tax rates, government purchases, and government transfer payments. C) open market operations, discount policy, and reserve requirements. D) open market operations, the exchange rate of the dollar against foreign currencies, and government purchases.