Capital refers to an inventory or a stock of productive equipment and machines.
Answer the following statement true (T) or false (F)
True
Economics
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An entitlement is
A) government spending on things like military salaries. B) guaranteed benefits under some government programs. C) another word for a government budget surplus. D) the payments to the private sector in exchange for goods and services.
Economics
When marginal revenue equals marginal cost, the firm just "breaks even."
a. True b. False
Economics
________ is maximized in a competitive market when marginal benefit equals marginal cost
A) Deadweight loss B) Marginal profit C) Economic surplus D) Selling price
Economics
The free-trade agreement signed by Canada, Mexico, and the United States in 1992 is known as
A. NAFTA. B. GATT. C. DOHA. D. WTO.
Economics