In the long run, more costs become fixed
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
When actual output equals potential output there is ________ output gap and the rate of inflation will tend to ________.
A. an expansionary; increase B. no; remain the same C. an expansionary; decrease D. a recessionary; increase
Governments are most effective at providing pure private goods
Indicate whether the statement is true or false
Because low tariffs have a high ratio of benefits to costs, they are an especially efficient way for nations to achieve full employment and growth
Indicate whether the statement is true or false
A good that is nonrival but exclusive is called
a. a private good b. a public good c. a quasi-private good d. an external good e. a normal good