The most commonly accepted cause of the European Crisis is:

a. Fiscal profligacy
b. Too little welfare spending
c. Unemployment
d. Current account deficit


A

Economics

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Accounting profits at a firm's break-even point are

A) positive. B) negative. C) zero. D) indeterminate since we need to know what demand is.

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Price will rise to eliminate a surplus

a. True b. False Indicate whether the statement is true or false

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If firms were charged the full social opportunity cost of the resources they used, there would be

A. A need for government intervention. B. Market failure. C. No external costs. D. Government failure.

Economics

A systematic set of procedures through which knowledge is created is:

A) the economy. B) the scientific method. C) a market. D) a model.

Economics