Negative relationships are also referred to as inverse relationships
Indicate whether the statement is true or false
TRUE
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If a firm is forced to take external costs into account, it will
A) reduce production and charge a higher market price. B) increase production and charge a lower market price. C) reduce prices and hire more workers. D) reduce prices and hire fewer workers.
Types of money used by colonists included all of the following except:
a. gold and silver coins. b. bills of exchange. c. bills of credit. d. government-issued fiat currency.
In a perfectly competitive market, in response to a permanent decrease in demand:
a. the short run equilibrium price will be higher than the eventual long run equilibrium price b. the short run equilibrium price will be lower than the eventual long run equilibrium price. c. the short run equilibrium price will be the same as than the eventual long run equilibrium price. d. we cannot know whether the short run equilibrium price will be below the eventual long run equilibrium price.
The ICC accepts only those cases in which domestic criminal courts are either unable or unwilling to get involved. This stipulation is referred to as
a. nonproliferation. b. noninterference. c. complementarity. d. asylum.