The word bank is derived from the Italian word banca, meaning "bench," which was money changer's table
Indicate whether the statement is true or false
true
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A market surplus occurs if the:
A) price is below the equilibrium price. B) price is equal to the equilibrium price. C) equilibrium price is above the actual price. D) equilibrium price is below the actual price.
Consider two people involved in a marriage or relationship. If, when one person is caught cheating on their agreement, the other cheats once as a punishment. In this example, then they are using a:
A. tit-for-tat strategy. B. grim-trigger strategy. C. dominant strategy. D. predatory strategy.
Refer to the table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:
Answer the question on the basis of the data given in the following production possibilities
table:
A. 4 units of capital goods.
B. 2 units of capital goods.
C. 3 units of capital goods.
D. 1 / 3 of a unit of capital goods.
You would expect that your firm is experiencing a constant returns to scale if
a. Long run average costs increase with output b. Long run average costs decrease with output c. Long run average costs are constant with respect to output d. None of the above