Energy conservation is a shift in economic activities to make the use of energy less costly.
Answer the following statement true (T) or false (F)
False
Energy conservation is a shift in economic activities to reduce the use of energy.
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The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is positive if it produces between
A) 0 and 5 units. B) 0 and 15 units. C) 0 and 20 units. D) 5 and 20 units.
In August 1988, the Los Angeles Kings hired Wayne Gretzky for $15 million in cash. The hockey team’s decision must have been based on the expectation that
A. Gretzky’s opportunity cost will exceed $15 million. B. Gretzky’s marginal revenue product will equal or exceed $15 million. C. the team’s total revenue will equal $15 million. D. Gretzky’s marginal revenue product will rise in the long run.
The simplest money-creation multiplier is equal to
A) eD. B) H/e. C) 1/e. D) e/H. E) H/D.
Before the Industrial Revolution, standards of living differed
A) greatly over time and across countries. B) little over time, but differed greatly across countries. C) greatly over time, but differed little across countries. D) little over time and across countries.