The greater the economic freedom in a country, the higher is the index of human development
a. True
b. False
Indicate whether the statement is true or false
True
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At the most profitable level of production, a firm's marginal cost will be _____ the market price.
(A) Set by (B) Less than (C) Equal to (D) Greater than
All of the following countries have been described as socialist economies, except
A. Norway. B. France. C. Sweden. D. The United States.
When the price of a good increases, the budget constraint does not change.
Answer the following statement true (T) or false (F)
Recycling efforts such as those exemplified by BMW's Design for Disassembly (DFD) program
a. permanently diminish the flow of residuals back to nature b. are not represented in the materials balance model c. represent short-term conversion of residuals into recycled materials or goods d. reduce the amount of wastes returned to nature in the long-run