A change in supply cannot be caused by a change in
a. resource prices
b. technology
c. prices of other goods
d. the price of the good itself
e. the number of suppliers
D
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Stan owns a software design business. He obtained a bank loan to buy computer equipment for his business. He pays $1,000 per month for interest on the loan. He has 10 employees, each of whom is paid $4,000 per month
Because his business has been successful, next month he will increase employee wages to $5,000. If the revenue from his business remains at its current level, Stan is considering an addition to his office. Which of the following statements regarding Stan's business is false? A) The payments Stan makes to his employees are variable costs and explicit costs. B) The monthly payment Stan makes for his bank loan is a fixed cost. C) The time and effort Stan spends on his software design business is an implicit cost. D) The monthly payment Stan makes for his bank loan is an implicit cost.
Which of the following statements is true of bond markets?
a. A small firm can easily raise funds by issuing bonds because an investor can get a large percentage of ownership with considerably less amount of money. b. A small firm can easily raise funds by issuing bonds because investors believe that small firms have a higher potential of growth. c. A large and famous firm can easily raise funds by issuing bonds because investors are familiar with the company and are therefore more willing to consider investing in it. d. A large and famous firm can easily raise funds by issuing bonds because only large firms can afford the minimum cost of entering the bond market.
Which of the following about economic freedom is true?
a. In 1960, the per capita income levels of Hong Kong and Singapore were greater than those of the United States and Canada. b. The economies of Hong Kong and Singapore have grown slowly in recent decades. c. Economic freedom ratings indicate that both Hong Kong and Singapore rank among the world's freest economies. d. Economic freedom ratings indicate that Nigeria and Venezuela rank among the world's freest economies.
One-shot inflation can result from an increase in aggregate demand or an increase in aggregate supply
Indicate whether the statement is true or false