Which of the following is not a key economic question?
(A) How should it be ensured that goods and services are paid for?
(B) Who consumes these goods and services?
(C) How should these goods and services be produced?
(D) What goods and services should be produced?
Ans: (A) How should it be ensured that goods and services are paid for?
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Which of the following is not a principal means by which corporations obtain money for investment?
A. Selling stocks B. Selling bonds C. Retaining earnings D. Receiving dividends
A firm issues bonds to
A. earn a return. B. lend money. C. influence monetary policy. D. borrow money.
Refer to the information provided in Table 31.1 below to answer the question(s) that follow.Table 31.1PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 60 50 2203 70 50 2354 80 50 245Refer to Table 31.1. When moving from Period 1 to Period 4, the marginal return to labor
A. increases. B. decreases. C. does not change. D. first increases, then decreases.
A monopolistic ally competitive firm is producing at a short-run output level where average total cost is $10.00, marginal cost is $5.00, marginal revenue is $6.00, and price is $12.00. In the short run, the firm should:
A. Decrease the level of output B. Increase the level of output C. Make no change in the level of output D. Increase product price