When you work to support your lifestyle, you are making a tradeoff
a. True
b. False
Indicate whether the statement is true or false
True
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A tax on an imported good is a(n)
A) quota. B) export. C) tariff. D) subsidy.
When marginal private cost is less than marginal social cost,
A. a public good exists. B. a negative externality exists. C. a positive externality exists. D. negative economic profits are made. E. a and d
By the accelerator hypothesis, if a firm's actual sales jump in one period to a higher maintained level, that firm's net investment
A) also jumps in one period to a higher maintained level. B) gradually drifts upward to a higher maintained level. C) jumps upward and then falls back to zero. D) jumps upward and then falls back part of the way.
If a firm doesn't make an economic profit it will shut down
Indicate whether the statement is true or false