Buyers and sellers neglect the external effects of their actions when deciding how much to demand or supply
a. True
b. False
Indicate whether the statement is true or false
True
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Using the information in Table 6.2, the inflation rate from 2014 to 2015 is about
A) 26 percent. B) 38 percent. C) 42 percent. D) 49 percent.
How would the Fed's sale of government bonds on the open market affect the money supply?
What will be an ideal response?
The law of diminishing returns is a result of the fact that more and more units of a variable input are being added to a fixed input
Because of the limitations imposed by the fixed input, at some point the productivity of additional units of the variable input must decline. Indicate whether the statement is true or false
The correct expression for cost plus pricing is
A) Price = Cost (1 + profit margin). B) Price = Cost + profit margin. C) Price = Cost (1 + mark-up). D) Price = Cost + (1 + mark-up).