The future of the U.S as leader of the economic world:
a. is likely to continue for generations to come
b. will be sustained in the next generation, but not beyond
c. requires U.S. action in several critical economic areas
d. requires a return of manufacturing to the U.S.
c
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An example of an "investment" financial intermediary is
A) an insurance company. B) a private pension fund. C) a credit union. D) a mutual fund.
Taking action to reveal private information about someone else is called:
A. screening. B. signaling. C. discriminating. D. illegal.
In general, when the price of a fixed factor of production increases:
A. the profit-maximizing level of output increases. B. the profit-maximizing price falls. C. marginal cost increases. D. marginal cost is unchanged.
As it relates to owners and managers, the principal-agent problem results from the:
A. separation of corporate ownership and control. B. double taxation of corporate profit. C. limited liability of corporate owners. D. differing interests of corporate stockholders and bondholders.