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