The price where quantity demanded is equal to quantity supplied is known as
a. equilibrium price.
b. equilibrium quantity.
c. equilibrium rate.
d. equilibrium level.
a. equilibrium price.
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In the short run, a firm has fixed costs but never any variable costs
a. True b. False Indicate whether the statement is true or false
The elimination of the federal budget deficit in the 1990s put downward pressure on real interest rates
a. True b. False Indicate whether the statement is true or false
Suppose the interest rate is 5 percent. Which of the following payment options has the highest present value today?
a. $550 one year from today. b. $580 two years from today. c. $600 three years from today. d. $615 four years from today.
A person who seeks to earn profits by finding ways to organize factors of production is called a(n):
A) foreman B) finance capitalist. C) entrepreneur. D) manager.