The fundamental goal of a firm or a business is to
A) produce the largest number of output units possible.
B) employ labor in the most socially responsible manner possible.
C) organize the factors of production and take risks.
D) earn the highest possible returns.
D
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Reserve ratio is 10% bank receives new checkable deposit of $2000
What will be an ideal response?
The distances from Paris, France, to Frankfurt, Germany; Stockholm, Sweden; and Oslo, Norway, are about 400 miles, 450 miles, and 500 miles, respectively. Would you expect French trade to be greatest with Germany, Sweden, or Norway?
a. Germany b. Sweden c. Norway d. Equal volumes of trade would be expected with each country.
A decrease in the market clearing exchange value of the home nation's currency in terms of the currency of another nation is a home currency
A) appreciation. B) revaluation. C) depreciation. D) devaluation.
Expectations of higher future prices cause firms to lower prices today to sell their product before prices rise.
Answer the following statement true (T) or false (F)