Individuals face scarcity; whole societies do not
a. True
b. False
Indicate whether the statement is true or false
False
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What is marginal cost? How is it measured?
What will be an ideal response?
Assuming that firms maximize profits, how will the price and output policy of an unregulated monopolist compare with ideal market efficiency?
a. The output of the monopolist will be too large and its price too high. b. The output of the monopolist will be too large and its price too low. c. The output of the monopolist will be too small and its price too high. d. The output of the monopolist will be too small and its price too low.
The current Debt to GDP level in the U.S.
A) is higher than they it has ever been B) is the highest in the world C) is about 100% D) grows at about $10 billion per year
Human capital represents:?