The elasticity of demand for a particular perfectly competitive firm's output is positively related to the number of firms supplying the market
Indicate whether the statement is true or false
FALSE
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How does a pure public good differ from a club good? In your answer, give an example of each type of good
What will be an ideal response?
Standardized tests are used in efforts to
A. save on paper waste. B. make schools more accountable. C. give teachers more time off. D. shorten school hours.
Which of the following would occur if the federal government decided to use a budget surplus to reduce the existing debt?
A. Crowding out and public sector output would decrease. B. Crowding out and public sector output would increase. C. Crowding in and private sector output would increase. D. Crowding in and private sector output would decrease.
If a country has business opportunities that are relatively attractive to other countries, we would expect it to have
a. both positive net exports and positive net capital outflow. b. both negative net exports and negative net capital outflow. c. positive net exports and negative net capital outflow. d. negative net exports and positive net capital outflow.