Inputs in production processes are called resources.
Answer the following statement true (T) or false (F)
True
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Which of the following is a term for the total value of a firm's outstanding shares?
A) market value B) intrinsic value C) fair value D) fairness value
In the Utah Pie case, the economic effect of the Supreme Court decision was to:
A. prohibit the merger of two small pie companies. B. encourage competition by ruling that the national competitors had engaged in illegal price discrimination. C. encourage competition by ruling that the national competitors had not engaged in illegal price discrimination. D. discourage competition by national competitors in the Salt Lake City market.
If the annual interest rate remains unchanged over the next two years, and the present value of $120 to be received one year from now is $100, what will $100 be worth two years from now?
A) $120 B) $140 C) $144 D) Uncertain. We need to know the interest rate.
Monetary policy involves the use of money and credit controls to
A. Move the economy along the aggregate supply curve. B. Shift the aggregate demand curve. C. Shift the aggregate supply curve. D. Move the economy along the aggregate demand curve.