There are no fixed costs in the long run.
Answer the following statement true (T) or false (F)
True
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The most commonly used tool in monetary policy is
A) changes in the discount rate. B) express lending transactions. C) open market operations. D) changes in required reserve ratios.
When a country has a large amount of dead capital
A) there is too much political freedom. B) there is a large amount of economic growth. C) large amounts of capital will be inefficiently employed. D) a country's exports increase.
Which of the following is subtracted from gross national product to arrive at the net national product?
a. net income of foreigners b. depreciation c. indirect business taxes d. transfer payments
When a firm experiences a positive technological change
A) the price of a share of the firm's stock rises. B) the firm is able to produce more output using the same inputs, or the same output using fewer inputs. C) the value of the firm's assets rises. D) the firm will hire additional workers in order to increase production.