If MPP is decreasing, total output must be decreasing
Indicate whether the statement is true or false
F
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Barter requires:
a. that the exchanged goods be portable. b. that the exchanged goods be durable. c. a coincidence of wants. d. that the exchange medium be divisible. e. an effective middleman.
Which statement is true?
A. Natural monopolies may occur in theory, but there are virtually no actual examples in today's economy. B. All forms of a monopoly are illegal in the United States. C. Many public utilities are natural monopolies. D. None of these statements are true.
Discouraged workers
A. are primarily manufacturing employees who have been displaced by machinery. B. are comprised mainly of the cyclically unemployed, laid off because of recession. C. are people who have stopped looking for work because they believe they will not be able to find employment. D. are those workers who leave regular employment and work in the underground economy. E. are temporarily between jobs.
An argument that comes up from time to time is that credit unions have an advantage over other financial depository institutions in the sense that they are non-profit institutions and, therefore, are exempt from taxes on income that other private depository institutions pay. As a result, credit unions may be able to charge lower rates of interest to borrowers and pay a higher rate to depositors than these other institutions. What do you think of this argument?
What will be an ideal response?