Every financial asset has a corresponding:
A. financial asset.
B. real asset.
C. financial liability.
D. real liability.
Answer: C
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Quantity supplied refers to the amount of a good or service that a firm is willing and able to supply at a given price
Indicate whether the statement is true or false
In order for the price mechanism to work, we need
A. To have the government regulate each industry. B. Many competing firms in each industry. C. To have only a few firms in each industry. D. None of the choices are true.
The smaller the percentage of people who work, the higher the potential output per capita.
Answer the following statement true (T) or false (F)
What is not a benefit from the lower costs of transportation that were achieved through advances in railroads, canals and steamboats? a. Free rider problems were reduced. b. Farmers gained larger shares of the selling price of their crops. c. Consumers paid decreasing shares of the purchase price for transportation and marketing costs
d. New unsettled areas were profitably cleared and added to the nation's economic activity.