Direct controls have traditionally been used heavily to control pollution in the United States.
Answer the following statement true (T) or false (F)
True
Economics
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In the above figure, if the price is P1 and the firm produced Q1, the firm's economic profit is ________ than if it produced Q2 and ________ than if it produced Q3
A) less; less B) less; more C) more; less D) more; more
Economics
Which of the following macroeconomic variables is countercyclical?
A) Real interest rates B) Unemployment C) Money growth D) Consumption
Economics
List three reasons why nominal wages can be sticky in the short run
What will be an ideal response?
Economics
The MPC can be defined as the:
a. Change in income divided by the change in consumption b. Ratio of income to saving c. Change in consumption divided by the change in income d. Ratio of saving to consumption
Economics