Industrial production is an example of a coincident indicator
Indicate whether the statement is true or false
TRUE
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Which of the following would cause a rightward shift of the supply curve for cell-phone services?
A. a decrease in price of cell-phones B. an increase in price of cell-phones C. a subsidy to cell-phone producers D. a tax on cell-phone producers
Refer to Figure 2-16. In the circular flow diagram, who are economic agents A and who are economic agents B?
A) A= firms; B = product markets B) A = firms; B = households C) A = households; B = firms D) A = households; B = factor markets
Which of the following conditions would distinguish a competitive firm from a monopolist?
a. The existence of a demand curve for the firm. b. The slope of the demand curve facing the firm. c. The rule of profit maximization, i.e., produce where MR = MC. d. The relationship between marginal revenue and total revenue. e. The existence of diseconomies of scale.
Economists believe that political instability can facilitate economic development in an LDC by making its citizens more open to change and new technology
Indicate whether the statement is true or false