_____________ time use investigates the meaning or significance of time use and how individuals feel about time use
a. Episodic
b. Quantitative
c. Qualitative
d. Derisive
C
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If a firm's marginal cost exceeds its average cost, then its average cost must be rising
a. True b. False Indicate whether the statement is true or false
A main argument against indexing is that: a. it can worsen inflation
b. it can reduce asset prices. c. transaction costs are too high. d. it could lead to deflation.
Which of the following does not explain why the command systems of the Soviet Union and Eastern Europe failed?
A. The failure to use money for most exchanges. B. Coordination problems. C. Prices and profits did not fluctuate to reflect wants for a different allocation of resources. D. Incentive problems.
Which of the following is true of normal profits?
A. They are necessary to keep a firm in the industry in the long run B. They are zero under pure competition in the long run C. They are excluded from a firm's costs of production D. They are what attract other firms to enter an industry