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Author Question: Which of the following factors will not affect the profit expectations of business firms and change ... (Read 49 times)

ec501234

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on: Jun 30, 2018
Which of the following factors will not affect the profit expectations of business firms and change the level of investment?
 a. Entry of new firms into the market
  b. Introduction of new taxes
  c. Announcement of new government subsidies
  d. The current level of GDP
  e. The marginal propensity to consume

Question 2

Scarcity means that:
 a. human desires are limited.
 b. resources are insufficient to satisfy all human desires.
  c. choices are unnecessary.
 d. all but the very wealthy must face choices.


juliaf

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


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