A change in technology or the relative prices of the inputs used in a production process would cause a manager's choice of inputs to use in the production process to change as well
Indicate whether the statement is true or false
TRUE
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The process of adjustment to a new long-run equilibrium in a perfectly competitive industry is complete when
A. no firms want to enter or exit the industry. B. every firm has adjusted its production process to make the most efficient use of its resources. C. investors in the industry receive the standard economy-wide rate of return on their investments. D. All of the responses are correct.
Adverse selection is a problem
A) unique to direct finance. B) unique to indirect finance. C) arising before a transaction is consummated. D) arising after a transaction is consummated.
How is the R2 value calculated, and what information does this give you?
What will be an ideal response?
Measured as a share of the economy, government expenditures:
a. have been between 10 and 15 percent of the U.S. economy since 1930. b. have been between 20 and 25 percent of the U.S. economy since 1930. c. rose from less than 10 percent in 1929 to about 35 percent currently. d. declined from more than 50 percent in 1929 to approximately 25 percent currently.