In the United States, measured wealth is distributed more unequally than income
Indicate whether the statement is true or false
TRUE
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When a firm is experiencing economies of scale, long-run
a. average total cost is minimized. b. average total cost is greater than long-run marginal cost. c. average total cost is less than long-run marginal cost. d. marginal cost is minimized.
According to the text, what share of the world's countries now use floating exchange rate systems?
A) 100% B) 70% C) 30% D) 15%
Which of the following mistakes do consumers commonly commit when making decisions?
a. They take into account monetary costs but ignore nonmonetary opportunity costs. b. They fail to ignore sunk costs. c. They are unrealistic about their future behavior. d. All of the above are mistakes consumers commonly commit when making decisions.
The World Bank makes loans primarily to
A. developing nations. B. nations without national debt. C. nations without free markets, such as North Korea. D. highly developed nations.