Which of the following is characteristic of a competitive market?

A) high costs

B) low output

C) inexhaustible supply

D) efficiency

Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment;

If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of private housing? (assume a defense budget of $700 billion.) instructions: enter your response rounded to one decimal place.

The FAFSA is used to apply for all of the following except __. A. loans B. work-study C. grants D. scholarships

Aster Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $800,000 and yield the following expected cash flows.

Assume that M is $200 billion and V is 6. If V increases by 15 percent, then, according to the monetarist equation, nominal GDP will have increased by: A. $140 billion B. $180 billion C. $220 billion D. $260 billion

Assume a nominal interest rate on oneminusyear U. S. Treasury Bills of 3.80% and a real rate of interest of 2.00%. Using the Fisher Effect Equation, what is the exact expected rate of inflation in the U. S. over the next year?

You are a manager who works directly with employees that are new to the company. Do you want to have a narrow span of control or a wide span of control? Why?

A primary job of team management is to manage player salaries so that productive players make more than others. This serves the purpose of rewarding players and providing incentives. For defensive backs, bonuses are given for interceptions.

Approximately what percentage of wealth is owned by the top 20 percent of american households?

Why do company manager-owners smile when they ring the stock exchange bell at their IPO? A. Manager-owner are freed of burden of managing their company. B. An IPO reveals the value of the manager-owners' value. C.