In the above figure, curve A is the ________ curve and curve C is the ________ curve
A) total variable cost; total fixed cost
B) total cost; total fixed cost
C) total fixed cost; total variable cost
D) total cost; total variable cost
E) total variable cost; total cost
B
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The type of human capital formation that occurs in the business sector is called
a. vocational education. b. business education. c. on-the-job training. d. productivity enhancement.
The crowding out effect refers to a decrease in
A. Consumption or investment as a result of an increase in government borrowing. B. Consumption resulting from an increase in investment. C. Government spending resulting from a decrease in taxes. D. Investment resulting from an increase in consumption and a decrease in savings.
What primary function is money serving when you keep it in a bank account until you need it to purchase a product?
A. A double coincidence of wants. B. A medium of exchange. C. A unit of account. D. A store of value.
What is market failure? How can the government correct market failure?
What will be an ideal response?