In the short run, average variable costs are minimized when
A) MPL equals APL.
B) APL is maximized.
C) MPL is maximized and APL is increasing.
D) Both A and B.
D
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Foreign direct investment implies that the investor obtains ________ share in a foreign company's ownershi
A) less than 10 percent B) less than 1 percent C) less than 5 percent D) none of the above
A command system uses a group of planners or central authority to make basic economic decisions
a. True b. False Indicate whether the statement is true or false
In terms of framing, we respond better to:
A. positive framing. B. consistent framing. C. neither; research has shown that framing ultimately doesn't matter. D. negative framing.
The Federal Reserve System was NOT
A. established with the 1913 passage of the Federal Reserve Act. B. the first attempt to have a United States central bank. C. intended to act as a "lender of last resort." D. designed to lend money to inherently sound banks so that they can survive financial panics.