Total fixed cost are costs that are fixed with respect to:
a. the rate of output.
b. time.
c. technology.
d. the minimum wage or price supports.
a
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Which of the following statements about health care is true?
a. The demand for health care is inversely related to price b. The demand for health care is positively related to price. c. Healthcare is an inferior good. d. Health care and health insurance is only provided by the government in the U.S. e. The supply of health care is inversely related to price.
Weakly dependent processes are said to be integrated of order zero.
Answer the following statement true (T) or false (F)
Which of the following is not necessarily a characteristic of a perfectly competitive market structure?
a. ?Easy entry and exit in the long run b. ?Low prices c. ?Perfect information d. ?A homogeneous product e. ?A large number of buyers and sellers
All of the following statements are correct EXCEPT:
A. Economies grow steadily over time. B. There are unemployed people even during expansions. C. A trade surplus exists when a country exports more than it imports. D. Unemployment increases during recessions.