An inducement to take a particular action is called
A) the marginal benefit.
B) the marginal cost.
C) opportunity cost.
D) an incentive.
D
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The four phases of a single business cycle are, in order, the trough, followed by a recovery, then a recession, ending with a peak
a. True b. False Indicate whether the statement is true or false
If an investment project costing $2,700 was expected to yield $1,000 (to be received at year end) for each of the next three years, a profit-maximizing entrepreneur would
a. definitely undertake the project. b. never undertake the project. c. undertake the project if the interest rate exceeded 12 percent. d. undertake the project if the interest rate was 5 percent or less.
The new lax lending requirement and low interest rates drove housing prices higher
What will be an ideal response?
Government can deal with externalities through the use of taxes and subsidies.
Answer the following statement true (T) or false (F)