A monopoly is allocatively efficient compared to perfect competition
Indicate whether the statement is true or false
false
Economics
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After constructing a new factory, the cost of building the factory is a
A) past cost. B) sunk cost. C) variable cost. D) None of the above answers are correct.
Economics
The United States has net exports of -$350 billion and the private sector balance is -$400 billion. What is the government sector balance?
What will be an ideal response?
Economics
Internal balance can be graphically represented as the intersection of the IS curve with the LM curve
Indicate whether the statement is true or false
Economics
If a negative externality exists, __________ in order for the socially optimal output to be reached.
A. supply needs to increase B. supply needs to decrease C. demand needs to increase D. b and c E. none of the above
Economics