Money performs its job as a standard of value very well
A. in the short run.
B. in the long run.
C. in both the short and long run.
D. in neither the short run nor the long run.
A. in the short run.
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"Government should do all it can to slow the process of global warming." Is this a positive or normative statement? Explain your answer
Generally, there is a strong positive correlation between per capita GNP and other measures of human development
a. True b. False Indicate whether the statement is true or false
Which statement is true? In the short run, a perfect competitor will
A. operate at its most efficient output only if it is making a profit. B. operate at its most efficient output only if it is taking a loss. C. operate at its most efficient output if it is making a profit or taking a loss. D. not operate at its most efficient output if it is making a profit or taking a loss.
An example of a social insurance program offered in the United States is:
A. Progressive taxation. B. Social Security. C. Police and Firefighters. D. All of these are examples of social insurance programs.