An intertemporal budget constraint
A. requires an endowment point.
B. requires time to remain constant.
C. has no endowment point.
D. requires time to move in a loop.
A. requires an endowment point.
Economics
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The value of money or income in terms of the quantity of goods the money can buy is called its
A) nominal value. B) marginal value. C) real value. D) implicit value.
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About ______% of the labor force belongs to a labor union.
A. 8 B. 12 C. 19 D. 26
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Any rule that is used to make a choice is a
A. positive-sum game. B. zero-sum game. C. strategy. D. rational decision.
Economics
Short-run costs are never equal or lower than long-run cost
Indicate whether the statement is true or false
Economics