The public sector grew the most in Japan, rising from 35 percent relative to GDP in 1997 to 39 percent in 2016
a. True
b. False
Indicate whether the statement is true or false
True
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The marginal revenue curve for a monopolist is always below the demand curve.
Answer the following statement true (T) or false (F)
If government regulators want a natural monopolist to earn only zero economic profit, they will set price equal to:
A. average total cost (ATC). B. marginal cost (MC). C. average fixed cost (AFC). D. average variable cost (AVC).
Which of the following statement is false?
a. Every economic choice has an opportunity cost b. Economic growth is illustrated as an inward shift of the production possibilities curve c. The production possibilities curve shows the maximum combination of two goods that an economy can produce
Sabrina is a college professor in Houston, Texas who earns a salary of $95,000. She is single, just put down $25,000 on a new townhouse, and has no children. Explain if Sabrina has any way of reducing her payroll taxes or her personal income tax
What will be an ideal response?