The major incentive for cost minimization is the
a. power of shareholders in the company.
b. fear of top management by workers.
c. discipline imposed by the market system.
d. impact on U.S. corporations of taxing by the government.
c
Economics
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The amount of interest owed on a loan of $40,000 after a year at an interest rate of 4 percent is:
A. $1,600. B. $40,400. C. $160. D. $41,600.
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If real GDP equals 5,000, nominal GDP equals 10,000, and the price level equals 2, then what is velocity if the money stock equals 2,000?
A. 5 B. 2.5 C. 10 D. 2
Economics