According to Keynes, the primary determinant of a person's saving is NOT
A) the person's level of income but the desired real income of the person.
B) the person's level of savings but the expected interest rate in the near future.
C) the interest rate but the level of savings the person has.
D) the interest rate but the level of the person's real disposable income.
D
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The profit maximizing combination of resources
A) usually involves more of each input hired than the cost minimizing combination of resources. B) usually involves less of each input hired than the cost minimizing combination of resources. C) usually involves hiring more of some resources and less of other resources than the cost minimizing combination of resources. D) is also the cost minimizing combination of resources.
The kinked demand curve is based on the idea that
A) you will follow my price increase but not my price cut. B) you will follow my price cut but not my price increase. C) you will follow all price changes I might initiate. D) you will not follow my behavior at all.
All of the following, except one, can be a barrier to entry into an oligopoly market. Which is the exception?
a. heavy advertising by existing firms b. zoning regulations c. excess production capacity among existing firms d. tariffs and quotas e. a small minimum efficient scale
It would be impossible to have an unlevered bank
a. True b. False Indicate whether the statement is true or false