Suppose statistical surveys indicate that new orders for manufactured goods and new building permits for single-family homes are declining and that business inventories are rising. This implies economic activity is slowing down and the economy is potentially entering a recessionary period
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Profit is the return to entrepreneurship.
Answer the following statement true (T) or false (F)
If bargaining is costless, the assignment of property rights for an externality:
a. has no impact on the possibility of an efficient outcome and no distributional impact. b. has no impact on the possibility of an efficient outcome but does have a distributional impact. c. does have an impact on the possibility of an efficient outcome but has no distributional impact. d. does have an impact on the possibility of an efficient outcome and does have a distributional impact.
Efficiency is related to the size of the economic pie, whereas equality is related to how the pie gets sliced and distributed
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown. If the market price is P2, the firm will produce:
A. Q3 and break even. B. Q3 and earn a profit. C. Q4 and incur a loss. D. Q2 and incur a loss.