If Pizza at Home and Pizza in Your Fridge are two competing frozen pizza firms and Pizza at Home wants to make a threat to Pizza in Your Fridge more credible, they can do all of the following except which one?
A) take action to lower the firm's costs
B) take action to increase the firm's capacity
C) make Pizza in Your Fridge aware of Pizza at Home's plans
D) keep Pizza in Your Fridge in the dark regrading Pizza at Home's plans
D) keep Pizza in Your Fridge in the dark regrading Pizza at Home's plans
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A person starts his own business after quitting his job in which he made $75,000. Expenses include $100,000 for wages and salaries, which includes a wage for the owner of $75,000, utilities of $5000, equipment of $50,000, and materials of $40,000
If revenues are $200,000, his accounting and economic profits are respectively A) $80,000 and $5000. B) -$70,000 and -$70,000. C) -$70,000 and $5000. D) $5000 and $5000.
Which of the following most accurately describes changes in life expectancy?
a. Life expectancy was relatively low until 1750, after which it increased rapidly. b. Life expectancy has increased steadily during the past 6,000 years. c. Life expectancy was low until after World War II, after which it increased very quickly. d. Life expectancy has exhibited significant cyclical patterns of growth and decline.
The ability of an economy to produce greater levels of output in the same period of time is called:
a. positive economics. b. negative economics. c. economic growth. d. marginal productivity.
During the late nineteenth century, the gold standard was a subject of controversy. Why?
A) Businesses resented fixed exchange rates because of their inability to raise or lower prices. B) Gold flows were erratic and resulted in a series of large economic swings—booms and busts. C) Prices were stable and predictable, but profits fell. D) Governments cheated on printing money, causing inflation problems all over the world.