Innovation can lead to increased productivity.
Answer the following statement true (T) or false (F)
True
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As a curve approaches a maximum point, the slope will
A) be positive, then negative after the maximum point. B) be negative, then positive after the maximum point. C) remain constant on either side of the maximum point. D) increase before and after the maximum point.
When the price curve is a horizontal line, it always coincides with all of the following except
a. MR b. TR/Q c. AR d. change in total revenue divided by change in output e. TC
Monetary policy and fiscal policy are the only factors that influence aggregate demand
a. True b. False Indicate whether the statement is true or false
Which of the following are signals to the owners of scarce resources about the best uses of those resources?
A. Economic indicators B. The accounting cost of those resources C. Government regulations D. Profits of businesses