If a firm produces nothing, it still incurs its fixed costs
a. True
b. False
Indicate whether the statement is true or false
True
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Amanda can prepare a Thai meal for a group in 2 hours and can type a 10 page paper in the same amount of time. Morgan can prepare the meal in 3 hours. Morgan will be the more efficient typist as long as she can type the a paper in less than
a. 4 hours. b. 3 hours. c. 2 hours. d. 1 hour.
At all the points above the midpoint on a linear demand curve, the value of price elasticity of demand is:
A) equal to one. B) zero. C) greater than one. D) less than one.
Which statement is true?
A. Since 2007, the U.S. trade deficit has fallen significantly. B. Net exports has always been negative. C. The U.S. exports more services than merchandise (in terms of dollars). D. The U.S. balance of trade was negative for most of the 20th century.
Government spending programs that create jobs are often popular because
What will be an ideal response?