The greater the economic freedom in a country, the higher is the index of human development
a. True
b. False
Indicate whether the statement is true or false
True
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How are changes in inventory treated in GDP?
What will be an ideal response?
If Elmer Lach is taxed $100 on an income of $1,000 . Toe Blake is taxed $180 on an income of $2,000 . and Maurice Richard is taxed $220 on an income of $3,000 . the tax system is
a. progressive b. poll c. proportional d. regressive e. head
When a monopolistically competitive firm is in long-run equilibrium,
a. marginal revenue is equal to marginal cost. b. average total cost is minimized. c. marginal revenue is tangent to average total cost. d. All of the above are correct.
When a competitive firm hires labor up to the point at which the value of the marginal product of labor equals the wage, it also produces output up to the point at which marginal cost is equal to __________
Fill in the blank(s) with correct word