The Keynesian model shows that the economy has a natural tendency toward full employment
a. True
b. False
Indicate whether the statement is true or false
False
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For a perfectly competitive firm, marginal revenue product is equal to:
a. price minus marginal cost. b. price times marginal revenue. c. price times marginal product. d. none of these.
The alternative combinations of goods and services that can be produced in a given time period with the available resources and technology is the:
A. Production possibilities. B. Consumption possibilities. C. International trade balance. D. Comparative advantage.
An increase in foreign incomes
A) increases aggregate demand in the United States. B) increases the aggregate quantity demanded in the United States. C) decreases the aggregate quantity demanded in the United States. D) decreases aggregate demand in the United States.
The only type of business that faces limited liability is a partnership
Indicate whether the statement is true or false