Paper money helped colonists pay soldiers for services provided when specie was not available. This money was fiat money; it did not possess specie backing
Indicate whether the statement is true or false
True
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Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations. b. It develops joint ventures with foreign firms. c. It owns and operates production facilities in more than one country. d. It employs agents in various countries to sell their products abroad. e. It holds patents on its products and services.
How will an increase in lumber prices influence the home construction market?
A. The demand for newly constructed homes will increase. B. The demand for newly constructed homes will decrease. C. The supply of newly constructed homes will increase. D. The supply of newly constructed homes will decrease.
Firms that shut down must be earning negative profits in the short run.
Answer the following statement true (T) or false (F)
If property rights for air and water exist, then polluters bear the costs of pollution
Indicate whether the statement is true or false