Since 1981, welfare rules have shifted the focus from work requirements to work incentives
Indicate whether the statement is true or false
F
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The real business cycle theory is most closely related to
a. Keynesian theory. b. monetarist theory. c. the classical model. d. the new Keynesian model.
If a competitive firm's marginal profit is positive at an output of 1000 units,
A) at 1000 units, MR = MC. B) it should produce more than 1000 units. C) it should produce less than 1000 units. D) at 1000 units, MR < MC.
The economic system that is generally considered to be the most efficient at answering the What to produce and the How to produce questions is the:
a. market economy. b. command economy c. soviet economy. d. traditional economy.
Predatory dumping occurs when
A) foreign firms sell below cost with the intent to drive firms out of the domestic market. B) foreign firms sell below cost because the product is perishable. C) foreign firms sell at a price that is below the price of domestic firms. D) foreign firms sell at a price that covers the cost of their variable inputs.