Firms are more likely to avoid a prisoners' dilemma when they interact repeatedly than when they rarely interact.
Answer the following statement true (T) or false (F)
True
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An increase in consumer wealth would shift the aggregate demand curve rightward
Indicate whether the statement is true or false
Equalization of resources across school districts would be less of a concern if _____
a. there was no link between spending and achievement b. there was a strong link between spending and achievement c. classroom teachers were better paid d. taxpayers were willing to spend more
Briefly describe why measuring a firm's costs is more complicated than measuring its revenues
An ______ is a graphical representation that shows the positive relationship between price and quantity provided.
a. individual supply curve b. individual demand curve c. individual equilibrium curve d. individual surplus curve