What type of statement is a descriptive statement about how the world is?
positive statement
Economics
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In the short run, the profit-maximizing firm will ______
A. break even if marginal revenue equals marginal cost B. make an economic profit if marginal cost is less than average total cost C. incur an economic loss if average fixed cost exceeds marginal revenue D. incur an economic loss if average total cost exceeds marginal revenue
Economics
The R2 of a regression ranges from ________ to ________.
A) 0; 1 B) -1; 1 C) -2; 2 D) 0; 2
Economics
A worse of a recession is called _______ in the business cycle.
a. a downturn b. a peak c. a trough d. an expansion
Economics
What is a mixed economy?
What will be an ideal response?
Economics