A home mortgage is a particular type of loan used to buy a house where the house serves as the collateral for the mortgage.
Answer the following statement true (T) or false (F)
True
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An industry with only two competing firms is called a ________
A) duopoly B) perfect competition C) monopoly D) monopolistic competition
A company finds that at the output level at which marginal cost equals marginal revenue, TC = $500, TVC = $400, and TR = $450. Your advice to the firm is
A) shut down, as TC > TR. B) reduce output to reduce the cost of production. C) increase output to reduce the per unit cost of production. D) continue to produce because loss is less than TFC.
In the short run (specificfactors) model, what will happen to the rental rate on capital and the wage rate when there is FDI in the country?
a. Both the rental rate on capital and the wage rate will increase. b. Both the rental rate on capital and the wage rate will decrease. c. The rental rate on capital will increase and the wage rate will decrease. d. The rental rate on capital will decrease and the wage rate will increase.
Considering its direct effect on income, which of the following policies is most likely to reduce a country's trade deficit?
A. An increase in the money supply B. An increase in taxes C. An increase in government spending D. A cut in taxes