Technological efficiency occurs when the firm produces a given output by using the least amount of inputs
Indicate whether the statement is true or false
TRUE
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________ is a period of falling prices of goods and services in an economy
Fill in the blank(s) with correct word
Without price competition, there is no incentive for product differentiation.
Answer the following statement true (T) or false (F)
Assuming that Figure 7.1 is a market for money that can be borrowed or saved, Box 4 is 
A. "$*" for the equilibrium amount borrowed/saved. B. "r" for interest rate. C. "$" for the amount borrowed/saved. D. "r*" for equilibrium interest rate.
There is great concern over the fact that global warming is causing permanent damage to the global environment. A study of the costs and benefits of purchasing carbon offsets to combat global warming is an example of
A. normative economics. B. laissez-faire economics. C. labor economics. D. positive economics.