Which statement is FALSE?
A. MV = GDP
B. PQ = GDP
C. MV = PQ
D. None of these choices are false.
D. None of these choices are false.
Economics
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To an economist, the terms factor and resource are synonyms
Indicate whether the statement is true or false
Economics
The law of diminishing marginal productivity holds:
A. in the long run. B. when all inputs are fixed. C. when all inputs are variable. D. in the short run.
Economics
An increase in demand accompanied by an increase in supply will increase the equilibrium quantity, but the effect on equilibrium price will be indeterminate.
Answer the following statement true (T) or false (F)
Economics
The cost of a higher living standard in the future is giving up
A. current consumption. B. current investment. C. future consumption. D. future investment.
Economics