The best combination of inputs at one level of production may not be best at other levels.
Answer the following statement true (T) or false (F)
True
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In the Governing Council, the decision of what policy to implement is made by
A) majority vote of the Executive Board members. B) majority vote of the heads of the National Banks. C) consensus. D) majority vote of all members of the Governing Council.
Price controls would ordinarily be used to increase rather than decrease prices of depletable resources
a. True b. False Indicate whether the statement is true or false
It is most likely that the federal government will never actually pay off the national debt
a. True b. False Indicate whether the statement is true or false
If demand for a good decreases and supply remains constant equilibrium price:
a. Will increase, and equilibrium quantity will decrease b. And quantity will both increase c. And quantity will both decrease d. Will decrease, and equilibrium quantity will increase