There is general disagreement among economists about the role of advertising, but there is widespread agreement about the role of brand names on market efficiency
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is money?
A) credit card B) e-checks C) debit card D) checkable deposit E) checks
The production function Y = AK?L1-? exhibits
a. constant returns to scale. b. diminishing marginal returns to scale. c. increasing returns to scale. d. decreasing returns to scale. e. both a and b.
The general set of rights to own private property and exchange goods, services, and financial assets with minimal government interference is defined as
A) capitalism. B) market socialism. C) economic freedom. D) economic privilege.
Foreign aid often becomes a source of discretionary funds that benefit poor people in developing countries and not the countries' leaders
a. True b. False