If top managers make good decisions, the firm's profits will be ________, and the firms assets will be ________
A) equal to its revenues; small relative to its liabilities.
B) high; large relative to its liabilities.
C) high; small relative to its liabilities.
D) low; large relative to its liabilities
B
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Excise taxes are distortionary taxes.
A. True B. False C. Uncertain
Financial securities are exchanged by dealers linked by computers in a
A) stock exchange. B) public exchange. C) financial exchange. D) over the counter market.
The market structure(s) most likely to exhibit extensive advertising is (are): a. monopoly
b. monopolistic competition. c. perfect competition. d. monopoly and oligopoly.
Disinflation is a
a. reduction in the price level, whereas deflation is a reduction in the rate of inflation. b. reduction in the rate of inflation, whereas deflation is a reduction in the price level. c. slow reduction in the price level, whereas deflation is a rapid reduction in the price level. d. rapid reduction in the price level, whereas deflation is a slow reduction in the price level.