Market failure occurs when a company goes bankrupt.

a. True

b. False

When the LA Galaxy played soccer in a stadium that seated 80,000-90,000 fans, many of the available tickets to each game went unsold and the stadium looked empty.

In 1981, 16 percent of wives earned more than their husbands. what was the percentage as of 2005?

Listen to the excerpt. an identifying characteristic of this section (c) is the

According to the misperceptions theory of the short-run aggregate supply curve, if a firm thought that inflation was going to be 4 percent and actual inflation was 2 percent, then the firm would believe that the relative price of what it produces

How does a consumer know whether a purchase may be a good deal? A) A large percentage of positive customer ratings offer detailed explanations. B) The item has the most features compared to other similar items.

Economies of scale are ways that a company can lower the cost per unit by selling more units overall A. True B. False

Suppose warren buffet withdraws $1 million from his checking account at chase manhattan bank. if the required reserve ratio is 20 percent, what is the maximum change in deposits in the banking system?

The market system's answer to the fundamental question "how will the goods and services be produced?" is essentially

You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.1 million, which will be depreciated straight-line to zero over its four-year life.

What is the difference is between saving and investing?