Economists most often disagree over positive rather than normative economic issues
a. True
b. False
Indicate whether the statement is true or false
False
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In peak-load pricing, the capacity decision is determined by setting ________ marginal revenue equal to long-run ________ cost.
A) off-peak; average fixed B) peak; marginal C) peak; average fixed D) off-peak; marginal
Which of the following statements is true concerning the global flow of foreign direct investment (FDI) since 1990?
A. Mexico has received more FDI inflows than has the United States. B. FDI flows into and within the European Union fell. C. The proportion of global FDI that flowed into the United States increased. D. The proportion of global FDI that flowed into developing countries increased.
Which of the following is NOT related to the government's political function of income redistribution?
A. providing money transfer payments B. in-kind transfers C. Social Security D. excise tax on cigarettes
To minimize costs, firms should have plants close to every market
Indicate whether the statement is true or false