When deciding what to use as money, one characteristic to look for is the:
A. stability of value.
B. shape.
C. intrinsic value.
D. exchange value
A. stability of value.
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List four protectionist policies
What will be an ideal response?
In the short run, a firm attempting to minimize losses:
a. must leave the industry in order to maximize opportunity costs. b. will produce as long as marginal cost equals marginal revenue. c. will produce as long as total revenue exceeds total variable cost. d. will produce as long as total revenue exceeds total fixed cost. e. will produce as long as competitors continue to produce.
Unlike demand-pull inflation, cost-push inflation:
A. drives up the price level. B. increases nominal income. C. increases real income. D. is self-limiting.
Included on the board of directors of Microsoft are John W. Stanton, the chairman of Trilogy Equity Partners, the executive president and chief financial officer of Gap, Inc Teri L. List-Stoll, and the former vice chairman of Bank of America Charles H
Noski. These three board members do not have a direct management role with Microsoft and are therefore referred to as A) inside directors. B) outside directors. C) competitive directors. D) honorary directors.