Loanable funds are the physical equivalent to capital equipment
Indicate whether the statement is true or false
F
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The voices of business and industry are less likely to influence government policy than the voices of consumers in the HPAE
Indicate whether the statement is true or false
Stock options do not eliminate the principal-agent problem entirely for each of the following reasons except which one?
A) A company's profit depends on the actions of all employees. B) A company's stock prices fluctuate for reasons not directly related to a company's profit. C) A company's stock price rarely changes. D) A company's executive does not have unlimited control over all employees and their actions.
Economics, generally speaking, is primarily concerned with:
A) the operation of the bond and stock markets. B) the issues of income inequality or income equality. C) how people choose among the alternatives available to them. D) ceteris paribus, the scientific method, and the margin.
A production possibilities frontier with a bowed-outward shape indicates
A) the possibility of inefficient production. B) constant opportunity costs as more and more of one good is produced. C) increasing opportunity costs as more and more of one good is produced. D) decreasing opportunity costs as more and more of one good is produced.