In 2011 the federal government spent 345.8 billion dollars on income security.
A. True
B. False
C. Uncertain
A. True
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An advantage of the corporation over other forms of business organization is that
A) the owners have unlimited liability. B) a corporation's profits are taxed only once. C) large-scale, low-cost capital is more readily available. D) the decision-making structure is simple.
The unemployment rate tells us:
A. what percentage of the labor force want to work and can't find a job. B. who is being affected by the fluctuations of the economy. C. how to solve the problem of unemployment. D. what portion of the population is causing the economy to languish.
A successful advertising campaign would likely
a. increase price elasticity of demand by stressing the uniqueness of the product. b. reduce price elasticity of demand by stressing the uniqueness of the product. c. reduce price elasticity of demand by informing consumers of the availability of substitutes. d. not alter the demand curve. e. generally make the demand curve shift inward.
Assume Cooky and Laundry are roommates. Cooky can cook 8 meals (= M) or do 2 loads of laundry (= L) in a given amount of time. During the same time period, Laundry can cook 6 meals or 4 loads of laundry. Which of the following opportunity cost (OC) values is true?
a) Cooky's OC of 1L = 4M. b) Laundry's OC of 1L = 1.5M. c) Cooky's OC of 1M = 1/4L. d) Laundry's OC of 1M = 2/3L. e) All of the above.