The main determinants of investment are the interest rates and expected profit
a. True
b. False
Indicate whether the statement is true or false
True
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Consider the market for cellular phones. Which of the following shifts the demand curve leftward?
A) studies showing using cellular phones can cause brain cancer B) a decrease in the price of cellular phones C) a decrease in the quantity demanded of cellular phones D) an increase in the services provided by cellular phones, such as text messaging E) an increase in the price of cellular phones
Which of the following describe the benefits and costs of the Clean Air Act from 1970 to 1990?
a. benefits: $22 trillion; costs: 44 times greater than benefits b. benefits: $500 trillion; costs: $22 trillion c. benefits: $22 trillion; costs: $500 billion d. benefits: 44 times less than costs; costs: $500 billion
By comparing the marginal revenue and marginal cost from each unit produced, a firm in a competitive market can determine the profit-maximizing level of production
a. True b. False Indicate whether the statement is true or false
Exhibit 2-13 Production possibilities curve
In Exhibit 2-13, in terms of efficiency:
A. point A is preferred to point B. B. point A is preferred to point E. C. point A is preferred to point D. D. point B is preferred to point A.