Diversification is determined by adding value
Indicate whether the statement is true or false
True
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In the Classical system, the total output of goods and services and total employment are determined by all of the following except
A) the interest rate. B) the labor force. C) the supply of capital. D) existing technology.
The Coase Theorem states that _____
a. in the absence of transactions costs, the allocation of resource will be independent of property right assignment b. in the absence of transactions costs, the allocation of resources will be dependent on property right assignment c. with transactions costs, the allocation of resources will be independent of property right assignment d. with transactions costs, the allocation of resources will be dependent of property right assignment
Consumer surplus increases whenever the price of a good decreases
a. True b. False Indicate whether the statement is true or false
Describe how financial innovation has affected the demand for money
What will be an ideal response?