Juanita has just started a business and is using her personal car to deliver goods. The use of her car is an example of
A) an explicit cost to the business.
B) an implicit cost to the business.
C) financial capital.
D) interest.
Answer: B
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The IS curve shows a series of equilibrium points in the goods market for various levels of
A) investment and interest rates. B) investment and money supply. C) income and interest rates. D) inflation and unemployment.
Assuming GDP remains constant, if Country A has a deficit in its balance on goods and services, then which of the following will make it more negative?
a. Increased investment. b. Increased saving. c. Increased taxes. d. Reduced government spending. e. None of the above.
According to the textbook, the good that emerged as money in World War II POW camps was
A) tinned beef. B) toilet paper. C) cigarettes. D) cheese.
All other factors held constant, an investment:
A. with less risk should sell for a lower price and offer a lower return. B. with more risk should offer a lower return and sell for a higher price. C. with less risk should sell for a lower price and offer a higher expected return. D. with more risk should sell for a lower price and offer a higher expected return.