When a firm retains earnings for investment purposes, it is effectively saving on behalf of its shareholders.
Answer the following statement true (T) or false (F)
True
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The opportunity costs associated with the use of resources owned by a firm are usually
a. externalities. b. implicit costs. c. explicit costs. d. sunk costs.
Which of the following groups or entities has the authority to initiate legal suits to enforce antitrust laws?
a. the U.S. Justice Department b. private citizens c. corporations d. All of the above are correct.
Many fast-food restaurants have begun offering value meals with fruit or salad instead of French fries. If consumers find this idea attractive, the market demand for potatoes will most likely:
A. increase, which may result in short-run losses for potato growers. B. decrease but have no effect on the profits earned by potato growers in the short run. C. increase but have no effect on the profits earned by potato growers in the short run. D. decrease, which may result in short-run losses for potato growers.
The Smoot-Hawley tariff set off an international trade war in the
A. 1930s. B. 1950s. C. 1970s. D. 1990s.