For an efficient outcome, MR must exceed MC.
Answer the following statement true (T) or false (F)
False
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Everything else equal, if the dollar depreciates against the peso:
A) U.S. exports and imports will both decrease. B) the U.S. will import more and export less. C) U.S. exports and imports will both increase. D) the U.S. will export more and import less.
A checking account balance in a commercial bank is
A) part of the currency supply. B) a time deposit. C) not liquid enough to be considered money. D) an asset readily usable for most transactions.
The share of GDP taken by taxes has increased dramatically since the 1960s
a. True b. False Indicate whether the statement is true or false
The income level below which families are said to be poor is known as the
a. income maintenance threshold. b. poverty line. c. bottom quintile of the income distribution. d. minimum wage.