Capital budgeting projects include all of the following except
A) the purchase of a six-month treasury bill.
B) the expansion of a plant.
C) the development of a new product.
D) the replacement of a piece of equipment.
A
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The Friedman-Savage utility function can explain why
A) people buy automobile insurance. B) somebody becomes addicted to gambling. C) people become more risk averse as their wealth increases. D) people place small bets to have a chance at winning a large amount.
What information is provided by a demand curve? What variables are measured along the axes of the graph?
What will be an ideal response?
Since 1990, the length of time required to restore full employment after each recession has
A. has increased by about a year each recession. B. has increased by 6 months each recession. C. has decreased by 6 months each recession. D. was about the same as previous recessions.
Increases in the burdens of government regulations can make production more costly for producers, shifting the short run aggregate supply curve left; it can also reduce potential output, shifting the long-run aggregate supply curve left
a. True b. False Indicate whether the statement is true or false