A public good is any good or service that users collectively consume and there is no way to bar free riders
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose a U.S. investor buys a Canadian government bond with a face value of Canadian dollar (CAD) 100 and an annual yield of 8.8 percent. Which of the following statements is true?
a. At maturity, the dollar return from the Canadian bond will be $108.8, regardless of what happens to the exchange rate. b. The Canadian bond will yield the same dollar return from the time of purchase to the time of maturity. c. An American will make a profit on the Canadian bond only when the CAD-denominated return is higher on the Canadian bond than the dollar-denominated return on a comparable U.S. bond. d. The dollar return on the Canadian bond depends on the dollar price of the Canadian dollar at the time of maturity. e. The decision to buy the Canadian bond should be based solely on the CAD interest return and not on changes in the exchange rate.
The existence of positive economic profits in an industry attracts new entrants into the industry.
Answer the following statement true (T) or false (F)
Why is it important to distinguish between explicit and implicit costs?
Please provide the best answer for the statement.
A proprietorship is a business
A. which produces a service rather than goods. B. in which the stock of the company is closely held by members of one family. C. owned by one individual who is responsible legally for the debts of the firm. D. with annual sales below $100,000.