The initial dollars spent to eliminate pollution are most likely ______.
a. all that are needed
b. completely wasted
c. the least efficient
d. the most efficient
d. the most efficient
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Daily foreign exchange transactions have grow from about $15 billion in 1973 to about $4 trillion today
Indicate whether the statement is true or false
Money and income are used interchangeably by noneconomists but mean different things
a. True b. False Indicate whether the statement is true or false
Potential output in an economy is dependent upon which of the following factors?
a. the given supply of resources b. rate of unemployment c. nominal wages d. potential output is not dependent on any of the previous factors
Marshall Field's and Stern's department stores were good examples of low-cost producers operating in perfect competition.
Answer the following statement true (T) or false (F)