The opportunity costs associated with the use of resources owned by a firm are:
A. externalities.
B. implicit costs.
C. explicit costs.
D. sunk costs.
Answer: B
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Changes in stock prices
A) do not affect people's wealth and their willingness to spend. B) affect firms' decisions to sell stock to finance investment spending. C) occur in regular patterns. D) are unimportant to decision makers.
Per-unit taxes have which effect on the equilibrium price of a good?
a. They cause demand curves to shift downward, thus lowering price. b. They cause demand curves to shift downward, thus raising price. c. They cause supply curves to shift downward, thus lowering price. d. They cause supply curves to shift upward, thus lowering price. e. They cause supply curves to shift upward, thus raising price.
Firm A, a small ancillary firm, needs funds to purchase new machinery for its factory. The best way the firm can raise funds is: a. by taking credit from a credit union. b. by issuing stocks
c. by issuing bonds. d. by taking out a bank loan.
When a $1,000 check written on the Chase Bank is deposited in an account at the Bank of America the:
a. Liabilities of Chase fall by $1,000. b. Reserve assets of Chase increase by $1,000. c. Liabilities of the Bank of America fall by $1,000. d. Reserves of the Bank of America fall by $1,000. e. All the above.