A change in the price of a good will shift the indifference curves
a. True
b. False
Indicate whether the statement is true or false
False
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A study of the impact of various government policies on economic growth would be considered:
A. marginal economics. B. microeconomics. C. government economics. D. macroeconomics.
The divergence between money costs and opportunity costs is the smallest in which of the following situations?
A. China hires millions of otherwise unemployable workers to build roads using picks and shovels. B. Wilhelm, a petroleum engineer, is drafted, and his army salary is $1,000 per month. C. Colleen quits her job to stay at home and raise her children. D. A university employs a private contractor to build a field house on land it purchased at full market value from a local farmer.
Evidence suggests that mergers and increased profitability do not necessarily go hand in hand
Indicate whether the statement is true or false
Related to the Economics in Practice on p. 509: In Santa Cruz, red feathers from the Scarlet Honeyeater bird were used as currency. Assume the value of one pig was 50 rolls of feathers. In this instance, the feathers would be considered a(n)
A. legal tender. B. unit of account. C. store of value. D. medium of exchange.