A firm's supply curve is that portion of its average cost curve that lies above their marginal cost curve
a. True
b. False
A
Economics
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Approaching income redistribution by taking from the rich and giving to the poor is often referred to as the ______.
a. principle of diminishing utility b. Lorenz Curve c. Gini Coefficient d. Robin Hood approach
Economics
Savings equal the difference between personal income and consumption.
Answer the following statement true (T) or false (F)
Economics
Most economists believe that biases cause changes in the CPI to overstate the inflation rate by ________ percentage points
A) 0.1 to 0.2 B) 0.2 to 2.0 C) 0.4 D) 0.5 to 1.0 E) 1.0 to 3.0
Economics
The ________ in the labor-force participation rate since 1970 is among prime-age women.
A. smallest decrease B. smallest increase C. largest increase D. largest decrease
Economics