The majority of economists believe that policies that reduce the saving rate will reduce long-run living standards
a. True
b. False
Indicate whether the statement is true or false
True
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When companies sell slightly different forms of a product to different groups of customers, this is known as
A) market testing. B) editions. C) adaptations. D) versioning.
Let the TC curve be given by the equation TC(Q) = 5 + Q. The ATC curve can be expressed as
A. Q. B. (5/Q) + 1. C. (1/Q) + 5. D. 5.
Which of the following terms of trade would enable the two countries illustrated in Figure 35.1 to trade with each other and increase consumption possibilities?
A. 3 DVD players per motorcycle. B. 1/3 of a DVD player per motorcycle. C. 3/4 of a DVD player per motorcycle. D. 4 DVD players per motorcycle.
Refer to the graph shown. In the graph, if the price level is P1 and the aggregate demand curve is AD0 then the economy is:
A. in an inflationary gap. B. in a recessionary gap. C. fully employed. D. in a long-run equilibrium.