A scarce resource
A. is always very expensive.
B. is hard to find.
C. is not something managers need to worry about.
D. has multiple uses.
D. has multiple uses.
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When tax revenues minus outlays is
i. positive, the government has a budget surplus. ii. negative, the government has a budget deficit. iii. zero, the government has a balanced budget. A) iii only B) ii and iii only C) i and ii only D) i only E) i, ii, and iii
The least costly combination of inputs is influenced by the relative prices of inputs.
Answer the following statement true (T) or false (F)
All else constant, an increase in the level of competition among firms would be expected to reduce the amount of X-inefficiency that exists in a particular industry
Indicate whether the statement is true or false
They very ________ growth of office and retail space in the 1980s was due in part to financial deregulation that ________
A) slow, limited the growth of bank and S&L deposits B) slow, gave massive tax advantages to mortgage lending C) rapid, allowed S&Ls to make business real estate loans D) rapid, raised the depreciation tax deduction on these structures