If variable X goes up as result of variable Y going down, then X and Y are
A) directly related.
B) inversely related.
C) independent.
D) positively related.
B
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The owners of a business
a. are paid the market rate of return for resources they supply to the firm. b. are residual income claimants. c. have little incentive to monitor shirking on the part of employees. d. have little incentive to provide their employees with an incentive system that encourages operational efficiency.
What is one benefit likely to result from population growth?
a. more efficient production unit sizes b. greater economic growth per capita c. a more educated workforce d. better property protection
The net economic gains from free trade are usually negative.
Answer the following statement true (T) or false (F)
The rule established for short-run profit maximization guarantees that a firm that follows it will earn economic profits.
Answer the following statement true (T) or false (F)