Profit per unit can be expressed as price - cost per unit
a. True
b. False
Indicate whether the statement is true or false
True
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The circular flow model demonstrates
A) the role of the government in overseeing the market system. B) the roles played by households and firms in the market system. C) how demand and supply for goods and services are brought into equilibrium. D) how shortages and surpluses are eliminated in a market.
A key aspect of East Asian development policies was
a. lack of government intervention in company affairs b. government ownership of most companies c. government planning d. government incentives for particular companies e. none of the above
What happens in public schools when government funds subsidize education?
A) There is a shortage of schools. B) The quality of education rises. C) The cost of providing the education is less than what the student pays. D) The cost of providing the education is more than what the students pays.
Ball's research on disinflation across different countries found that
A. costs of disinflation were smaller for rapid disinflation than for gradual disinflation. B. costs of disinflation were about the same for both rapid and gradual disinflation. C. costs of disinflation were larger for rapid disinflation than for gradual disinflation. D. costs of disinflation were smaller when the central bank had a strong inflation-fighting reputation.