Individuals will usually make choices to minimize the value of some objective.

a. true
b. false


Ans: b. false

Economics

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After the former CEO of the Coca-Cola Company began requiring employees to treat the rate of return on shareholder equity as an explicit cost, Coke's profits increased considerably

Indicate whether the statement is true or false

Economics

A recession is a period of time in which the total output of the economy rises

a. True b. False Indicate whether the statement is true or false

Economics

Firms operating in a market situation that creates ___________________, sell their product in a market with other firms who produce identical or extremely similar products.

A. a perfect monopoly B. perfect competition C. an oligopoly D. a free market

Economics

____ GDP uses current prices while ____ GDP uses prices adjusted for inflation

Fill in the blank(s) with the appropriate word(s).

Economics