Economists believe having higher prices for scarcer resources promotes efficiency.
Answer the following statement true (T) or false (F)
True
Economics
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Evidence from the United States during the period 1973-2002 indicates that the value of the dollar and the measure of the ________ interest rate rose and fell together
A) real B) nominal C) expected D) actual
Economics
Conglomerate mergers involve more than two firms
a. True b. False
Economics
What is the marginal rate of substitution, and what role does it play in determining the consumer's optimum choice?
Economics
When we believe the best result will come from the decision we have made, we are being:
A. rational. B. short-sighted. C. considerate. D. gullible.
Economics