The WTO affects business practices across the globe
Indicate whether the statement is true or false
True
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Which of the following is included in M1, but not in M2?
A) currency B) checking account deposits C) travelers checks D) Everything in M1 is in M2.
In the short run, a firm should shut down when
A. MR = ATC. B. MR > MC. C. P < AVC. D. P > MC.
All Honolulu law enforcement personnel must go through the same training program, but law enforcement personnel assigned to guard the capital building earn 15% less than law enforcement personnel assigned to the homicide division. This 15% difference in pay is an example of a ________ differential.
A. transfer payment B. human capital C. compensating D. utility
When a price floor that has an impact is removed, which of the following statements is correct?
A. Price of the good increases. B. Quantity supplied for that good decreases. C. Demand for that good increases. D. None of these choices are correct.