Retained earnings are always sufficient to finance a firm's rapid expansion in a high-growth economy

Which of the following is not one of the three fundamental economic questions?

a. For whom to produce? b. What happens when you add to or subtract from a current situation? c. How to produce? d. What to produce?

Answer the following questions true (T) or false (F)

1. The minimum wage is an example of a price ceiling. 2. A price ceiling is a legally determined maximum price that sellers may charge. 3. Shortage means the same thing as scarcity.