Government bonds of different terms have different interest rates.
Answer the following statement true (T) or false (F)
True
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If the market price is $50 per unit for a good produced in a perfectly competitive market and the firm's average total cost is $52, then the firm
A) incurs an economic loss of $2 per unit. B) makes an economic profit of $2 per unit. C) makes zero economic profit. D) incurs a total economic loss of $52. E) More information is needed to determine the firm's economic profit or loss per unit.
The "duplication laws," passed by Parliament in the late 17th and 18th centuries, restricted colonial export of
a. woolen goods. b. tobacco. c. pig iron. d. cotton. e. All of the above.
Which of the following serves as money in many federal prisons in the United States these days?
a. Postage stamps b. Energy bars c. Plastic-and-foil pouches of mackerel d. Cans of tuna e. Cigarettes
Competitive firms consider private costs, but disregard external costs, when making their economic decisions
a. True b. False Indicate whether the statement is true or false