As capital deepening occurs, there will be increased real wages and economic growth.
Answer the following statement true (T) or false (F)
True
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Firms can be governed like democracies are governed
Indicate whether the statement is true or false
The demands of World War II caused our AD curve to shift to the
a. left and our AS curve to shift to the left b. left and our AS curve to shift to the right c. right and our AS curve to shift to the left d. right and our AS curve to shift to the right e. right, leaving our AS curve unchanged
If a firm in a monopolistically competitive market has a demand curve shifting to the right, it is likely that:
A. the selling price is less than the average total cost of the firm. B. positive economic profits are being earned. C. firms are entering the market. D. All of these statements are true.
In January 2015, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's net investment totaled
What will be an ideal response?