Fixed cost will decrease with increases in output
Indicate whether the statement is true or false
F
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When you use a debit card to purchase a pair of jeans, you are
A) creating a 30-day loan from your bank to the seller. B) creating a 30-day loan from the seller to your bank. C) giving your bank an instruction to transfer funds directly from your bank account to the store's bank account. D) creating an overnight repurchase agreement between your bank and the store.
Laissez-faire is a policy that espouses central planning.
Answer the following statement true (T) or false (F)
An example of a government program aimed at reducing poverty that is universal is:
A. Social Security. B. Medicare. C. public education. D. All of these are universal programs.
A floor price is
A. equal to the initial market equilibrium price. B. below the initial market equilibrium price. C. the maximum legal price that can be charged in a market. D. the minimum legal price that a firm can charge.