Measured as a share of national income, government expenditures on income transfers during the last 70 years have
What will be an ideal response?
grown rapidly.
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When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell
A) any positive output the entrepreneur decides upon because all of it can be sold. B) nothing at all; the firm shuts down. C) the output where average total cost equals price. D) the output where marginal revenue equals marginal cost.
Conglomerate mergers increase concentration in an industry
Indicate whether the statement is true or false
A country recently had $800 billion worth of domestic investment and its residents purchased $400 billion worth of foreign assets. If foreigners purchased $100 billion of this country's assets, what was this country's saving? Explain how your found your answer
A technological change would cause movement along the demand curve for inputs.
Answer the following statement true (T) or false (F)