Adam Smith was an advocate of:
a. mercantilism. b. a nation maximizing its stock of gold.
c. unrestricted or free trade. d. the visible hand of public interest.
c
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What are three options a company has when it wants to finance a new project?
What will be an ideal response?
Refer to Table 4-3. The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specializes in producing western wear. If the price of cowboy hats decreases from $38 to $30
A) consumer surplus will rise by $6. B) the marginal cost of producing the third cowboy hat will fall to $30. C) producer surplus will rise from $8 to $24. D) producer surplus will fall from $22 to $6.
Who decides control of a corporation?
What will be an ideal response?
Assuming that, over a given period, the value of transactions in current dollars is $8 trillion and the money stock is $500 billion. What is the transaction velocity of money?
a. .0625 b. 12 c. 16 d. None of the above