The process of depositing money in commercial bank accounts is called mattress saving
a. True
b. False
Indicate whether the statement is true or false
False
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Because of a decrease in the wage rate it must pay, a perfectly competitive firm's marginal costs decrease but its demand curve stays the same. As a result, the firm
A) decreases the amount of output it produces and raises its price. B) increases the amount of output it produces and lowers it price. C) increases the amount of output it produces and does not change its price. D) decreases the amount of output it produces and lowers its price.
Which of the following statements is false?
A) The difference between average total cost and average fixed cost is average variable cost. B) The marginal cost curve intersects the average variable cost curve and the average total cost curve at their minimum points. C) Firms often refer to the process of lowering average fixed cost as "spreading the overhead." D) When marginal cost equals average total cost, average total cost is at its highest value.
Which of the following perspectives exerted the most impact on fiscal policy during the Great Depression?
a. the Keynesian view b. the supply-side view c. the view that the federal government should maintain a balanced budget d. the new classical view that fiscal policy exerts little impact on demand and output
Dominant firms tend to lag in innovation because
A) of the sunk cost effect. B) entrepreneurs are found in smaller firms. C) they are usually focused on market share. D) all of these choices.