Which economic concept does the expression "time is money" reflect?
a. opportunity cost
b. specialization
c. market exchange
d. comparative advantage
e. efficiency
A
Economics
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By downsizing, a firm attempts to operate on a smaller scale of operation
Indicate whether the statement is true or false
Economics
Collusion is:
A. more likely when the threat of market entry is missing. B. more likely in perfectly competitive markets. C. less likely when the threat of market entry is missing. D. not affected by firm’s ability to enter a market.
Economics
A short run own price elasticity of demand of -0.20 suggests a price flexibility coefficient of
A) -0.50. B) -2.0. C) +2.0. D) -5.0.
Economics
What are the economic effects of imposition of a new occupational license or examination on a labor market?
What will be an ideal response?
Economics