The term "variable input" is used to refer to inputs that vary in terms of quality and, therefore, productivity
Indicate whether the statement is true or false
FALSE
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Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits a dominant firm from doing all of the following except which one?
A) charging an unfair price B) price fixing C) making tying contracts or exclusive deals D) buying at a price that is unfairly low
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Country A has the comparative advantage in:
A. cars and Country B has the comparative advantage in trucks.
B. trucks and Country B has the comparative advantage in cars.
C. cars and trucks.
D. neither cars nor trucks.
The growing federal budget deficit in the 1980s was accompanied by a
a. growing trade surplus. b. growing trade deficit. c. shrinking trade deficit. d. shrinking capital account surplus.
What are the three main types of unemployment?
A) frictional, seasonal, and cyclical B) temporary, permanent, and volunteer C) cyclical, structural, and temporary D) structural, frictional, and cyclical