The prices of goods at a grocery store are listed in dollars. Which function of money does this illustrate?
unit of account
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Since 1300, the inflation rate has been greater than 2 percent per year and reaching its highest peaks
A) primarily between 1700 and 1900. B) primarily after 1900. C) primarily between 1400 and 1500. D) primarily before 1400. E) primarily between 1500 and 1700.
Suppose a firm uses labor and capital to produce output. The last unit of labor hired has a marginal product of 12 units of output, and the last unit of capital employed has a marginal product of 20 units
Use the optimal combination of inputs rule to calculate the price of capital if the price of labor is $6 per unit. The price of capital is A) $2. B) $10. C) $20. D) impossible to determine with the information given.
"Subordinated" debt is one form of __________ debt
A) mezzanine B) uncollateralized C) zero-coupon D) risk-free
Corporations often raise funds for business activities by the sale of shares of existing common stock.
Answer the following statement true (T) or false (F)