Financial capital by itself is not a factor of production; instead it is only a paper claim on economic capital
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following statements is true?
A) A monopoly is a price taker because it faces a downward sloping demand curve. B) A monopoly is a price maker because it faces a downward sloping demand curve. C) A perfectly competitive firm is a price taker because it faces a downward sloping demand curve. D) A perfectly competitive firm is a price maker because it faces a downward sloping demand curve.
Economics
For a demand schedule, which of the following is held constant?
A) relative prices B) quantity demanded C) quality of the good D) nominal prices
Economics