Before its IPO, Twitter was an example of a private firm. As a private firm, Twitter was
A) not subject to government regulations and taxation.
B) run by its founders, Evan Williams, Noah Glass, Jack Dorsey, and Biz Stone.
C) not legally allowed to raise funds through venture capital firms.
D) run by stockholders and a board of directors.
B
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Suppose that during a given month 500,000 persons quit their job to become self-employed. This might give __________ bias to the __________ indicator
A) an optimistic; unemployment rate B) a pessimistic; unemployment rate C) an optimistic; payroll employment D) a pessimistic; payroll employment
Assume the required reserve ratio (RRR) is 10 percent. If the Fed purchases a $5,000 bond from a bond dealer who then deposits the $5,000 in a HSBC Bank account, what has happened to the money supply?
a. It has decreased by $5,000. b. It has increased by $5,000. c. It has decreased by $4,500. d. It has increased by $4,500. e. There has been no change in the money supply.
Total revenue is a term economists use to describe the
a. price the firm charges for its goods b. money remaining after costs are paid c. average profit earned per good sold d. total profit earned by the firm e. money the firm receives selling its goods
Economic theory predicts that if the government imposes a minimum wage above the equilibrium wage, then:
A. firms' labor costs will fall. B. employment will fall. C. total economic surplus will rise. D. all workers will be better off.