Real standards of living can only go up with positive economic growth.
Answer the following statement(s) true (T) or false (F)
Answer: False
-Real standards of living can go up without any positive economic growth.
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In Figure 3-2, a point such as A
A. is preferable over B. B. is an efficient use of resources. C. represents a misallocation of resources. D. is not obtainable.
Most collective bargaining situations lead to strikes
a. True b. False Indicate whether the statement is true or false
The balancing of marginal costs and marginal benefits to obtain an efficient outcome is known as the equimarginal principle.
a. true b. false
_____ unemployment is experienced by a customer service representative who is laid off from a job because new technology reduces the need for people to handle customer service inquiries
a. Seasonal b. Cyclical c. Voluntary d. Structural e. Frictional