The term business cycle implies that economic fluctuations follow a regular, predictable pattern
a. True
b. False
Indicate whether the statement is true or false
False
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FasterChip, Inc is considering five alternative techniques for assembling personal computers. The table shows the amounts of labor and capital required by each of these techniques to make 10 computers a day
Labor costs $15 an hour and capital costs $100 a unit. a) Which techniques are technologically efficient and which are not? Explain your answer. b) Which technique is economically efficient? Explain. c) If FasterChip uses its plant in Mexico, it can lower the labor cost to $10 an hour. Which technique will the company use in Mexico? Explain.
What are the similarities between an English auction and a Dutch auction?
What will be an ideal response?
Strategies such as public funding of schools, compensatory education, pre-school programs, affirmative action, and campaign-finance reforms focus on the existence of inequality
Indicate whether the statement is true or false
Perfect competition requires that three conditions be satisfied
a. True b. False Indicate whether the statement is true or false