Some economists argue that GDP overstates overall economic welfare because it does not include the impact of bads such as pollution

Indicate whether the statement is true or false


True

Economics

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Positive economic analysis is supposed to be

A) true. B) free of value judgments. C) just and fair. D) moral and honest.

Economics

The long-run average cost curve is tangent to the minimum point of every short-run average total cost curve

a. True b. False

Economics

A financial intermediary accepts deposits from savers and makes loans to borrowers

a. True b. False Indicate whether the statement is true or false

Economics

Union leaders who focus on increasing the size of their union will generally accept a wage just above the competitive level

a. True b. False Indicate whether the statement is true or false

Economics