The cost of internal equity (retained earnings) is ____ the cost of external equity (new common stock)
a. greater than b. equal to
c. less than
c
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The demand curve for most goods is normally:
A) parallel to the vertical axis. B) parallel to the horizontal axis. C) upward sloping. D) downward sloping.
In general, the medium voter model can be described as a powerful model for _____
a. analyzing demand for public goods b. analyzing the dynamics of business cycles c. analyzing demand aggregation in a democracy d. analyzing the supply of politicians
A feature that distinguishes economists' approach to making choices is (are):
A) assigning opportunity costs a major role in their analyses of choices. B) assuming individuals make choices to maximize objectives. C) emphasizing that choices are made at the margin. D) all of the above.
Which of the following was an observable effect of the North American Free Trade Agreement (NAFTA)?
A. Imports of clothing and textiles into the member countries were diverted away from low-cost suppliers in Asia. B. NAFTA led to a substantial decrease in the volume of trade among the three member countries. C. There was massive shift of jobs toward Mexico. D. Low-cost firms in Canadian manufacturing industries were replaced by the high-cost firms.