During the Great Depression, the United States economy operated ______________ the production possibilities frontier.
Fill in the blank(s) with the appropriate word(s).
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Managed mutual funds perform better on average than index funds because stock prices are usually a good predictor of a company's true value
a. True b. False Indicate whether the statement is true or false
Which of the following is often referred to as the basic postulate of economics?
a. Individuals act only out of selfish motives. b. Incentives matter; individuals respond in predictable ways to changes in personal costs and benefits. c. The accuracy of the assumptions is the best test of an economic theory. d. The value of a good is objective; it is equal to the cost of pro
If Rhonda wants to help her country’s economy grow, she will see the best results by encouraging her leaders to invest in ______.
a. cars b. education c. household appliances d. sports equipment
Table 28.2 Firm AFirm BFirm CFirm DExternal Costs$0$________175$________Private Costs400250175200Social Costs________350$________250In Table 28.2, which firm has the greatest difference between social and private costs?
A. Firm A. B. Firm B. C. Firm C. D. Firm D.