Not having to pay for a good leads to:
A. underconsumption.
B. oversupply.
C. overconsumption.
D. irrational consumption.
C. overconsumption.
Economics
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Which of the following is NOT a legal barrier to entry?
A) public franchise B) government license C) patent D) innovation
Economics
Refer to Table 13-4. At Victoria's profit-maximizing output
A) total revenue equals $24 and total cost equals $20. B) profit equals $2. C) total revenue equals $21 and total cost equals $17. D) total revenue equals $25 and total cost equals $22.
Economics
The United States is the only country in the world with minimum-wage laws
a. True b. False Indicate whether the statement is true or false
Economics
Wich of the following indiviuals can be counted as Unemployed?
What will be an ideal response?
Economics