The “law” of diminishing returns rests on the “law” of variable input proportions.
Answer the following statement true (T) or false (F)
True
Economics
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The branch of economics which studies how households and firms make choices, interact in markets, and how government attempts to influence their choices is called
A) microeconomics. B) positive economics. C) normative economics. D) macroeconomics.
Economics
As a source of funds for nonfinancial businesses, stocks are relatively more important in
A) the United States. B) Germany. C) Japan. D) Canada.
Economics
According to William Baumol, many corporate managers engage in empire-building
Indicate whether the statement is true or false
Economics
Someone who has a job but is absent from work because she is on vacation is counted as "employed."
a. True b. False Indicate whether the statement is true or false
Economics