An economy is better off with an increase in the stock of capital
Indicate whether the statement is true or false
TRUE
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Which of the following curves are U-shaped?
i. average variable cost curve ii. average fixed cost curve iii. average total cost curve A) i and ii B) i and iii C) ii and iii D) i, ii, and iii E) only ii
Buying a newly issued bond implies:
a. borrowing money from a private bank. b. taking over the ownership of the issuing firm. c. lending money to the issuing firm. d. paying the price for a service rendered by the issuing firm. e. borrowing funds from international organizations.
The money supply changes due to:
a. Rising velocity. b. Rising oil and other natural resource prices. c. Rising GDP. d. Rising money multiplier. e. A depreciating currency.
State governments receive half of their tax revenue from property taxes.
Answer the following statement true (T) or false (F)