The more diversification savers have the:
A. more willing they are to save money, and the more economic growth can occur.
B. more willing they are to save money, and the less economic growth can occur.
C. less willing they are to save money, and the less economic growth can occur.
D. less willing they are to save money, and the more economic growth can occur.
Answer: A
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Rents represent earnings that
a. exceed marginal cost b. are less than marginal revenue product c. are less than what producers would require to supply products d. exceed opportunity revenue e. exceed opportunity cost
A markup of price over marginal cost is inconsistent with free entry and zero profit
a. True b. False Indicate whether the statement is true or false
The U.S. Treasury yield curve:
A. always has a negative slope. B. always has a positive slope. C. assumes maturities are constant, and reflects the difference in risk. D. shows the relationship among bonds with the same risk characteristics but different maturities.
Explain how market failures such as the lack of property rights affect extraction of resources by business firms
What will be an ideal response?