A very high fixed cost and a relatively low marginal cost is associated with
A) every type of good or product.
B) an information product.
C) a persuasive good.
D) an experience good.
Ans: B) an information product.
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Globalization decreases the interconnectedness between countries
a. True b. False Indicate whether the statement is true or false
Economic researchers have found:
A. no examples of countries with high rates of money growth and low inflation rates. B. many examples of countries with high rates of money growth and low inflation rates. C. many examples of countries with low rates of money growth and high inflation rates. D. no relationship between rates of money growth and inflation rates.
Explain how a recession differs from a depression
Which of the following decisions best reflects marginal thinking?
a. deciding to get married b. starting a new business c. attending graduate school d. switching phone carriers