If actual experience supports two competing theories, then both theories are proven to be true
Indicate whether the statement is true or false
False. Neither theory can be rejected, but if they are competing, then the test was inconclusive.
You might also like to view...
A change in government spending can close an expansionary gap by shifting the short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
A country has a comparative advantage in the good that it can produce
a. at a lower cost in terms of other goods. b. using fewer resources than its trading partner uses. c. at a lower cost than its trading partner can produce. d. using more resources than its trading partner uses.
Trevor and Lynda bought a home in 2013 for $185,000 with a 20% down payment. Their mortgage payments were only applied to interest on the mortgage balance. In 2017, the couple sold their home for $148,000. What was the value of their equity?
a. 0 b. $37,000 c. $11,100 d. $18,500
Refer to the information below. The total revenues of Harvey's firm in the first year were:
Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold 11,000 units of software at $75 for each unit. Of the $75 per unit, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building. A. $50,000 B. $100,000 C. $605,000 D. $825,000