A firm's net income is its revenue minus its costs of production.
Answer the following statement true (T) or false (F)
True
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Banks are required to keep a minimum amount of funds in reserve because
A. Depositors may decide to withdraw funds at any time. B. The bank may decide to increase aggregate demand at any time. C. The Fed may decide to withdraw funds at any time. D. Borrowers may decide to repay loans ahead of schedule.
Based on the quantity equation, if Y = 3,000 . P = 3, and V = 4, then M =
a. $4,000. b. $2,250. c. $250. d. $36,000.
An annually balanced federal budget
A. enables fiscal policy to be implemented in a timely and selective manner, without the drag on consumption and saving that is usually associated with federal borrowing. B. essentially eliminates the use of fiscal policy for stabilizing the economy. C. could bring the economy up to full employment if a deflationary GDP gap exists. D. would reduce tax collections, thereby stimulating aggregate demand.
American producers often complain about dumping. What is dumping, and should it be prohibited?
What will be an ideal response?