Individuals will usually make choices to minimize the value of some objective.
a. true
b. false
Ans: b. false
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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
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
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
____ GDP uses current prices while ____ GDP uses prices adjusted for inflation
Fill in the blank(s) with the appropriate word(s).