As long as MC > $0, TC will rise as a firm expands output.
a. true
b. false
Answer: a. true
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Over its history, Brazil has borrowed more from the rest of the world than it has loaned to the rest of the world. Brazil
A) eventually will have a balance of payments account that does not balance. B) is a debtor nation. C) is a creditor nation. D) has no current account balance.
Economists do not agree on why wages are more rigid now than they were before World War II
a. True b. False Indicate whether the statement is true or false
GDP excludes the purchases of sliced bread by a sandwich shop, because the bread is an intermediate good in this case
a. True b. False Indicate whether the statement is true or false
Suppose a new government policy generates $6,000 of benefits for local businesses and $4,000 of costs. We can best describe the policy as
A. equitable. B. Pareto efficient. C. potentially efficient. D. inefficient.