The size of a country's GDP is the best way to identify a less-developed country
Indicate whether the statement is true or false
F
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In the above figure, by increasing its output from Q2 to Q3, the firm
A) reduces its marginal revenue. B) increases its marginal revenue. C) decreases its profit. D) increases its profit.
If the personal assets of the owners cannot be claimed if the business is bankrupt, the owners are said to have
A) a partnership type of business. B) unlimited liability. C) a proprietorship type of business. D) limited liability.
The opportunity cost of a choice is defined as the value of
a. the next best alternative that must be sacrificed. b. all the alternatives that must be sacrificed. c. the chosen option minus the value of the next best alternative. d. the chosen option minus the value of all the alternatives.
A credit-driven bubble arises when ________ in lending causes ________ in asset prices which can cause ________ in lending
A) a decrease; a decrease; an increase B) a decrease; an increase; an increase C) an increase; an increase; a further increase D) a decrease; a decrease; a further decrease