Refer to the information provided in Figure 3.13 below to answer the question(s) that follow.
Figure 3.13Refer to Figure 3.13. Assume hamburgers and french fries are complements. A decrease in the price of french fries will cause a movement from
A. Point A to Point B.
B. S2 to S1.
C. Point G to Point F.
D. D1 to D2.
Answer: D
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A firm has to choose between projects X and Y. Project X's internal rate of return is positive. If the cash flow of project Y is discounted at project X's internal rate of return, this firm will
A) choose project X if the net present value of project Y is positive. B) choose project X if the net present value of project Y is negative. C) choose project Y if the net present value of project Y is positive. D) choose project X regardless of the net present value of project Y.
There is an important role for government in a market capitalist economy.
a. true b. false
If, in response to an increase in the price of chocolate the quantity of chocolate demanded decreases, then economists would describe this as
A) a decrease in demand. B) a decrease in quantity demanded. C) a change in consumer income. D) a decrease in consumers' taste for chocolate.
What are the major factors that a country should weigh in deciding whether a particular foreign investment should be permitted?
What will be an ideal response?