Most firms have very little flexibility in their choice of input proportions
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
If a tariff of $10 has no effect on the world price, the optimal tariff on that product
A) is $10. B) is zero. C) is higher than $10. D) depends upon the amount of government revenue collected.
The slope of the total product curve is the
A) average product. B) slope of a line from the origin to the point. C) marginal product. D) marginal rate of technical substitution.
Why are externalities associated with common property rather than private property?
What will be an ideal response?
Supply-side economics
a. was the policy prescriptions President Clinton used to create budget surpluses b. challenged the views on taxes held by President Bush's (1988–92) chief economic adviser, Arthur Laffer c. was popularized as Reaganomics during President Reagan's administrations d. challenged the view that supply creates its own demand e. advocates crowding out to curb government spending