If someone you know offers far more to hire you to work for than you could ever have imagine, the opportunity cost of working for yourself would rise
a. True
b. False
Indicate whether the statement is true or false
True
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In macroeconomics, the long run is determined by:
A. how long it takes for prices of inputs to adjust through the whole economy. B. how long it takes for firms to vary all input quantities. C. the longest contract length of a business. D. how long it takes for output decisions to adjust to changes in economic conditions.
Utility is a measure of a person's level of satisfaction or happiness from the consumption of a particular good
a. True b. False Indicate whether the statement is true or false
Which of the following statements is false?
A) In recent years, the Chinese government has bought U.S. government bonds, raising interest rates in the United States. B) Among the key features of globalization is the growing integration of the national economies of the world. C) Globalization is associated with a movement toward more free enterprise. D) It is becoming increasingly common for Americans to work for foreign companies that have offices in the United States.
Most economists agree that it is possible for fiscal policy to fine-tune the economy.
Answer the following statement true (T) or false (F)