The current value of a business firm is the present value of all its future profits
Indicate whether the statement is true or false
T This is a reasonable way to characterize the value of a firm, though it is not easy to know the future in order to apply it.
Economics
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A decrease in demand will cause a(n)
a. increase in supply b. decrease in supply c. increase in quantity supplied d. increase in equilibrium price e. decrease in equilibrium price
Economics
If individuals become so discouraged that they stop seeking jobs, then the:
a. Unemployment rate rises and the employment rate falls. b. Unemployment rate falls and employment rate stays the same. c. Unemployment rate falls and the employment rate falls. d. Unemployment rate remains the same and the employment rate stays the same. e. Unemployment rate falls, and the employment rate rises.
Economics