Value judgments are based on people’s tastes, preferences, and ethical opinions.
Answer the following statement true (T) or false (F)
True
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National defense made up the largest portion of federal expenditures in 2009
a. True b. False Indicate whether the statement is true or false
Which of the following is the formula for velocity?
a. Velocity = nominal GDP/real GDP b. Velocity = real GDP/M c. Velocity = (P × Y)/(M × V) d. Velocity = nominal GDP/M
Refer to the table shown. If the market price is $6, a perfectly competitive profit-maximizing firm will produce:QuantityMarginal Cost1$3253749
A. 1 unit of output. B. 2 units of output. C. 3 units of output. D. 4 units of output.
From 1935 to 2017, the yield per acre for corn has ________ in the United States.
A. slightly declined B. almost tripled C. roughly doubled D. increased more than 6-fold