If a firm is experiencing diseconomies of scale, its long-run marginal cost curve is upward sloping
a. True
b. False
A
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Because new plastic and recycled plastic are substitutes, as the price of newly produced plastic increases,
A) the demand curve for recycled plastic shifts to the left. B) there is a movement up along the demand curve for recycled plastic. C) there is a movement down along the demand curve for recycled plastic. D) the demand curve for recycled plastic shifts to the right.
What is social capital? Give an example
What will be an ideal response?
Contractionary fiscal policy attempts to shift aggregate demand to the right
Indicate whether the statement is true or false
According the Stolper-Samuelson theorem, the scarce factor in any given country should oppose international trade by that country
Indicate whether the statement is true or false