The study quoted in the text demonstrated that calorie posting did not cause any significant changes in Starbucks revenue over all
Indicate whether the statement is true or false
TRUE
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Which of the following would cause a firm's cost curve to shift downward?
a. a decrease in resource prices b. an increase in taxes c. an increase in demand for the firm's product d. a reduction in output
A large and sudden movement of funds out of a country is called
a. arbitrage. b. capital flight. c. crowding out. d. capital mobility.
What happens when wages are set by law above the equilibrium level?
a. Firms employ fewer workers than they would at the equilibrium wage. b. Firms employ more workers than they would at the equilibrium wage. c. Firms tend to try to break the law and hire people at the equilibrium level. d. Firms hire more workers but for fewer hours than they would at the equilibrium wage.
In the late 1920s, you could buy $10,000 worth of stock by putting down as little as
A. $100. B. $1,000. C. $2,500. D. $5,000.