Which of the following statements is true?
A.
Financial investment refers to the creation and expansion of business enterprises
B.
Economic investment refers to the creation and expansion of business enterprises
C.
Economic investment refers to the purchase of assets such as stocks, bonds, and real estate
D.
Both economic investment and financial investment refer to the purchase of assets such as stocks, bonds, and real estate
B.
Economic investment refers to the creation and expansion of business enterprises
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If a firm in a perfectly competitive industry is experiencing higher than normal returns, in the long-run
a. Some firms will leave the industry and price will rise b. Some firms will enter the industry and price will rise c. Some firms will leave the industry and price will fall d. Some firms will enter the industry and price will fall
Which of the following could be an institutional barrier to employment?
a. licensing requirements b. labor unions c. minimum wages d. all of the above
Explain using welfare measures whether consumers prefer a single price monopoly or a perfect-price-discriminating monopoly
What will be an ideal response?
The least costly way to produce any given level of output is indicated by
A. the point of intersection between the isoquant corresponding to that level of output and the Y-axis. B. the point of intersection between the isoquant corresponding to that level of output and the X-axis. C. the isocost line corresponding to that level of output. D. the point of tangency between an isocost line and the isoquant corresponding to that level of output.