The euro coins can be spent only in the countries where they are made, because one side of the coin has an image that is individualized for each of the countries of the European Union
a. True
b. False
Indicate whether the statement is true or false
False
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If a pre -merger Herfindahl-Hirschman Index (HHI) is greater than ________, the market is considered not competitive and any merger receives a high level of scrutiny.
A) 1,500 B) 5,500 C) 500 D) 2,500
If a racial group exhibits lower scores on IQ tests, this is evidence of their reduced intelligence
Indicate whether the statement is true or false
It is often argued that if foreign goods are kept out of the domestic economy:
a. jobs will be lost at home. b. jobs will be created abroad. c. domestic consumers will enjoy product surpluses. d. jobs will be created at home. e. foreign consumers will suffer product shortages.
Explain why the average cost curve for the long run differs from that for the short run