Which of the following would cause a firm's cost curve to shift downward?
a. a decrease in resource prices
b. an increase in taxes
c. an increase in demand for the firm's product
d. a reduction in output
A
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During the Federal Bank Holiday ordered by President Roosevelt
a. new supplies of gold were distributed to the banks. b. a national monetary commission was set up. c. the banks were inspected. d. the leadership of the Federal Reserve System was replaced.
If a firm increases output and its average total cost rises, then the firm is experiencing economies of scale
a. True b. False Indicate whether the statement is true or false
What can a nation do to increase its economic growth? Why is economic growth among the major national economic goals of all countries?
If Emma has a positive rate of time preference, she will
a. value the receipt of $10,000 twenty years from now just as much as she would value receipt of the $10,000 now. b. value the receipt of $10,000 twenty years from now more than she would value receipt of the $10,000 now. c. value the receipt of $10,000 twenty years from now less than she would value receipt of the $10,000 now. d. prefer to receive any amount of money now to the $10,000 twenty years from now.