Most economists think that it is impossible to prevent asset price bubbles.
Answer the following statement true (T) or false (F)
True
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A society that is inside its production possibilities frontier is efficient.
Answer the following statement true (T) or false (F)
Total revenue is the amount:
A. a firm receives from the sale of goods and services. B. a firm keeps after all expenses are paid. C. of sales that get reinvested in the firm. D. a firm receives from dividends.
One problem that haunts most antitrust litigation is that: a. the government seldom wins
b. the appearance of vigorous competition resembles acts that undermine competition. c. it has the effect of preventing firms from being tough on their rivals. d. the defendant firm may be destroyed.
Real expenditures on Medicare and Medicaid
a. rose during the 1970s and 1980s, but they have been declining since 1990. b. fell during the 1970s and 1980s, but they have been increasing since 1990. c. increased at about the same rate as real GDP during the last three decades. d. have approximately doubled during each of the last three decades.