Because more than half the federal welfare budget goes for health care, almost zero U.S. residents lacked health insurance in 2006
a. True
b. False
B
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How does an increase in the price level lead to a higher interest rate?
What will be an ideal response?
Which of the following statements best represents a difference between short-run and long-run cost?
A) Less than one year is considered the short run; more than one year the long run. B) There are no fixed costs in the long run. C) In the short-run labor must always be considered the variable input and capital the fixed input. D) All of the above are true.
A firm operating in a competitive market will stay in business in the short run so long as the market price exceeds the firm's average total cost; otherwise, the firm will shut down
a. True b. False Indicate whether the statement is true or false
Suppose that a large group of local merchants donate 10,000 "3-R Dollars" to local schools, a colorful local currency that the schools can spend at a wide variety of participating local stores as a perfect substitute for dollars, now or in the future. So, 3-R dollars meet the requirements of money
Indicate whether the statement is true or false