For a farmer, the long-run would be the current growing season, where she can vary the amount of irrigation, pesticides, and fertilizer on a fixed number of acres planted
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
If the rural wage is 4 and the formal urban wage rate is 10, there will be rural to urban migration if the formal urban unemployment rate is
(a) 50% (b) 60% (c) 70% (d) all of the above
If, after a deposit outflow, a bank needs an additional $3 million to meet its reserve requirements, the bank can
A) reduce deposits by $3 million. B) increase loans by $3 million. C) sell $3 million of securities. D) repay its discount loans from the Fed.
Contrast the actions the central bank of a country should take when an economy is in recession with production substantially below its potential gross domestic product (GDP) and those needed when an economy is producing in overdrive above potential GDP
The accounting-based performance analysis:
A. provides inexpensive information on opportunity costs. B. provides aggregate level data that is insufficient for decision making. C. is completely under the control of the operating managers. D. is a true reflector of a particular management center's functioning.