Patents encourage firms to engage in innovation.
Answer the following statement true (T) or false (F)
True
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Using the information in the above table, the value of M2 is
A) $3,600. B) $3,500. C) $5,500. D) $4,500.
Students who leave school in the spring and look for work are one source of ________
A) structural unemployment B) cyclical unemployment C) frictional unemployment D) business-cycle fluctuations
In the long-run equilibrium in a perfectly competitive market, the firms produce at the ________ possible average total cost and the price equals the ________ possible average total cost
A) highest; highest B) lowest; lowest C) highest; lowest D) lowest; highest
The worth of __________ tend(s) to be undervalued in our society
a. Internal exchanges b. Abundance c. Scarcity and risk d. Tangible goods