John Maynard Keynes' most notable published work is entitled
A. Capitalism Doomed.
B. The Communist Manifesto.
C. Freakonomics.
D. The General Theory of Employment, Interest, and Money.
Answer: D
You might also like to view...
Suppose there are three power-generating plants, each of which has access to 5 different production processes. The table below summarizes the cost of each production process and the corresponding number of tons of smoke emitted each. Process(smoke/day) A(4 tons/day) B(3 tons/day) C(2 tons/day) D(1 ton/day) E(0 tons/day) Cost to Firm X ($/day) $500$514$530$555$585 Cost to Firm Y ($/day) $400$420$445$480 $520Cost to Firm z ($/day) $300$325$360$400 $550The least costly way of lowering smoke emissions from 12 tons to 9 tons per day would be for:
A. Firm X to emit 1 ton, Firm Y to emit 4 tons and Firm Z to emit 4 tons. B. each firm to reduce emissions by 1 ton, emitting 3 tons each. C. Firm X to emit 2 tons, Firm Y to emit 3 tons and Firm Z to emit 4 tons. D. Firm X to emit 4 tons, Firm Y to emit 3 tons and Firm Z to emit 2 tons.
A quasi-public good is similar to a public good in that one person's consumption of the quasi-public good does not reduce the amount available for everyone else
Indicate whether the statement is true or false
Barometric price leadership can occur when oligopolistic firms
A) compete on the basis of differentiated products. B) want to avoid price competition and violating antitrust laws. C) try to enforce cartel agreements. D) All of the above
The long run for a business is a period of time
A. when most inputs are variable. B. when all inputs can change. C. when labor is the only input used by the business. D. longer than a year.