The existence of stagflation in the 1970s undermined the credibility of demand-management policies
a. True
b. False
Indicate whether the statement is true or false
True
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An efficiency wage premium serves the same function as a bond because, just as with a bond, the premium represents
A) the amount the employee loses if caught shirking. B) the expected value of the amount the employee loses if he shirks. C) the cost of monitoring the employee. D) the gain to the employee if he shirks.
If a firm produces 10 units, TC=$100 . When the firm increase its output to 15 units, TC= $150 . The firm's variable costs equal to
a. $50 b. $150 c. $25 d. $100
Answer the following statement(s) true (T) or false (F)
1. An increase in the number of sellers leads to a decrease in supply. 2. Changes to the market price can bring supply and demand together. 3. At the equilibrium quantity, the quantity demanded equals the quantity supplied. 4. At $3 per pound, the quantity of oranges demanded is 2,000 pounds and the quantity supplied is 4,000 pounds. As a result, there is a shortage at this price.
Technology transfer is not valuable to high-income countries
Indicate whether the statement is true or false