The most efficient point on the production possibilities curve is the midpoint on the curve
a. True
b. False
Indicate whether the statement is true or false
False
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Mitt Romney argued in a debate with President Obama that the economy had grown more slowly in each year of the President's term than in the year prior to Obama’s presidency. This claim is most related to the field of:
A. microeconomics. B. public policy. C. macroeconomics. D. financial economics.
Refer to the table shown.BotswanaZimbabweGoldNickelGoldNickel030009060200186012010036301800540In this example:
A. there are no possible gains from trade. B. there are gains from trade for Zimbabwe. C. there are gains from trade for both countries. D. there are gains from trade for Botswana.
The most potent argument against globalization is that _____________.
Fill in the blank(s) with the appropriate word(s).
If marginal revenue exceeds marginal cost in the short run, the perfectly competitive firm earns an economic profit in the short-run
a. True b. False Indicate whether the statement is true or false