Private firms and public bureaus differ in the sense that
a. only private firms employ capital
b. public bureaus usually show a profit
c. some public bureaus are inefficient
d. ownership of private firms is transferable
e. ownership of public bureaus is transferable in the marketplace
D
You might also like to view...
An individual deposits $12,000 in a commercial bank. The bank is required to hold 10% of all deposits on reserve. The deposit increases the loan capacity of the bank by
A. $9,600. B. $6,000. C. $10,800. D. $11,000.
Refer to Table 11.1. What is the value of gross private domestic investment?
A) $1,500. B) $1,400. C) $1,600. D) $2,000.
Featherbedding refers to the practice of: a. disallowing members from joining labor unions
b. hiring lesser number of laborers than what is required. c. terminating employment without notice. d. hiring more laborers than what is necessary.
The classical theory of inflation:
A. describes a long-run equilibrium. B. explains the direct relationship between money supply and the price level. C. shows neutrality of money in the long run. D. All of these statements are true.