The classical growth theory's view of the economy and its ability to achieve growth can be compared to a perpetual motion machine
Indicate whether the statement is true or false
FALSE
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Rental income includes
A) the payment for the use of land. B) the payment for the use of all rented inputs. C) no income from rental housing because most houses are occupied by their owners. D) Both answers A and B are correct.
In some cases, firms that are accused of antitrust violations by federal authorities will plead guilty to the criminal charges in order to avoid facing the same charges in a private or civil trial. Why?
A) Attorneys in civil cases tend to be more effective at proving their claims. B) The penalties for a conviction in a civil or private case are treble damages, or three times larger than the penalties in a criminal or public case. C) Judges in criminal cases are known to be more lenient. D) none of the above
The term "price supports" refers to a
a. shortage. b. surplus. c. price ceiling. d. price floor.
Insurance companies perform all of the following functions performed by financial intermediaries except:
A. pooling the resources of small savers. B. transferring risk. C. supplying liquidity. D. making large investments.