Any point on or outside the production possibilities frontier is attainable.
Answer the following statement true (T) or false (F)
False
Economics
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Limit pricing is a strategy used by a firm to
A) deter entry. B) enhance short run profits. C) raise its prices. D) lower its costs.
Economics
A credible threat is:
A. legally enforceable. B. in the threatener's interest to carry out. C. not in the threatener's interest to carry out. D. possible to carry out.
Economics
During a recession, we generally see
a. real GDP rising and unemployment rising b. real GDP falling and unemployment rising c. real GDP rising and inflation rising d. real GDP rising and inflation staying stable
Economics
The fractional reserve banking system requires that banks hold a certain fraction of their _______ in reserves.
Fill in the blank(s) with the appropriate word(s).
Economics