To be efficient, outputs should be produced that minimize total cost
a. True
b. False
Indicate whether the statement is true or false
False
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An indifference curve
A) connects a set of consumption bundles among which the consumer is indifferent. B) is only useful in analyzing apathetic consumers. C) connects a set of consumers who each have the same preferences. D) is only useful in microeconomics.
Which of the following have their profits taxed twice?
a. sole proprietorships b. partnerships c. corporations d. nonprofit institutions e. S-corporations
Which of the following schools of thought emphasize the role of money supply in determining equilibrium real GDP and price level?
a. Traditional Keynesian economics b. New Keynesian economics c. New classical economics d. Classical economics e. Monetarist economics
How do the suppliers of capital and the users of capital connect?
A. Through the Fed discount window B. Through government agencies C. Through private one-on-one transactions D. Through the use of a financial intermediary