College tuition costs have risen faster than prices in general from 1979 to 2009
a. True
b. False
Indicate whether the statement is true or false
True
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The market demand curve for a good shows ________ and the market supply curve shows ________
A) consumers' willingness to pay for the good; producers' marginal cost of producing the good B) producers' marginal cost of producing the good; consumers' willingness to pay for the good C) consumers' willingness to pay for the good; the opportunity cost of producing the good D) consumers' willingness to pay for the good; producers' total cost of producing the good
Suppose that the U.S. government gives foreign aid to Turkey. This transaction would directly
A) increase the U.S. current account. B) decrease the U.S. current account. C) increase the U.S. capital and financial account. D) decrease the U.S. capital and financial account.
If MPPa/Pa= MPPb/Pb, then the firm should increase the usage of both input a and input b.
Answer the following statement true (T) or false (F)
Sellers in a geographically centralized market have higher transaction costs compared to those in a decentralized market
Indicate whether the statement is true or false