An increase in the price of inputs will cause the supply curve for a product to shift to the right

Indicate whether the statement is true or false


FALSE

Economics

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Which of the following is true?

A) Accounting profits = Revenues - Implicit costs - Explicit costs B) Economic profits = Revenues - Explicit costs C) Accounting profits = Revenues - Implicit costs D) Economic profits = Accounting profits - Implicit costs

Economics

The author of the New Industrial State, who believes that managerial bureaucracy controls corporate goals and behavior, is

a. William Baumol b. John K. Galbraith c. Milton Friedman d. Richard Lester e. Lester Thurow

Economics

If something is used as a measure of value, then a necessary condition is that it must

a. serve as a yardstick for measuring the value of other goods b. be a precious metal, such as gold or paper money c. be convertible into gold d. be used in barter exchange e. be accepted as payment for any purchase

Economics

Economic studies have suggested that according to the theory of ______ advantage, countries will experience higher growth rates if they follow a more open stance toward international growth.

Fill in the blank(s) with the appropriate word(s).

Economics