The minimum efficient scale is same across all industries irrespective of the types of goods they produce
a. True
b. False
Indicate whether the statement is true or false
False
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There is no reason to think poets can't someday become as rich as professional basketball players in the market process. It is most likely to happen if
A) the supply of poets increases substantially. B) the supply of poets decreases substantially. C) the cost of writing good poetry decreases substantially. D) poets are able to consistently sell out twenty-thousand-or-larger seat stadiums at thirty dollars (or more) per ticket.
If, for a given disposable income level, the disposable income line lies below the consumption curve, saving:
a. equals consumption. b. equals disposable income. c. is less than zero. d. is equal to zero. e. is greater than zero.
Which of the following countries went through a financial crisis in 1997?
a. Russia b. Canada c. Italy d. India e. Korea
A firm that has relatively high fixed-cost expenditures is likely to be a natural monopoly
Indicate whether the statement is true or false