Economists ordinarily favor setting price equal to marginal cost when this option is feasible.
Answer the following statement true (T) or false (F)
True
You might also like to view...
If a country's population growth rate exceeds the growth rate in its GDP, which of the following is true?
a. Per capita GDP is rising. b. Per capita GDP is not changing. c. Per capita GDP is falling. d. None of the above.
The Dutch Disease had occurred in Netherlands because:
a. the Netherlands government had borrowed heavily from the World Bank to meet its Balance of Payment deficits. b. the price of the primary commodities declined in the international market. c. the demand for natural gas exports from Netherlands increased substantially. d. the currency of Netherlands depreciated in the international market. e. the price of the commodities manufactured by Netherlands declined in the international market.
Which of the four countries has an opt-out and chose not the adopt euro yet:
a. Germany b. Denmark c. France d. Austria
What is one reason why stocks are not considered money?
a. They cannot be readily exchanged for legal tender. b. Their value fluctuates, and there is no guarantee of being able to obtain their original value. c. They have exceptionally high liquidity, so determining their value is difficult. d. Brokers pool them with the money of other depositors.