The larger the implicit costs of a business:
A. the greater accounting profit will be.
B. the smaller economic profit will be.
C. the more likely it will be a successful venture.
D. the smaller the explicit costs will be.
B. the smaller economic profit will be.
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How can diversification reduce idiosyncratic risk but not systematic risk?
What will be an ideal response?
________ occurs when the price level of goods and services increases over several months.
A) Monetarism B) A budget deficit C) An open-market operation D) Inflation E) A recession
If U.S. consumers increase their demand for foreign products and foreign travel, the U.S. dollar would tend to depreciate as more dollars are supplied to foreign exchange markets
Indicate whether the statement is true or false
A real estate salesperson sells a house in 2011 that was built in 1994 . How does this transaction get counted in the GDP statistics?
a. The price of the house and the real estate salesperson's commission are both included in 2011's GDP. b. Neither the price of the house or the commission is included in 2011's GDP. c. The real estate salesperson's commission but not the price of the house is included in 2011's GDP. d. The price of the house would be included in both 1994's GDP and the GDP for 2011.