When adult children return to their parents' home to live, it is called:
a. Boomeranging
b. Cocooning
c. Burnout
d. Adaptation
A
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It is often impossible for a business firm to determine its private costs of production
a. True b. False Indicate whether the statement is true or false
The multiplier effect suggests that:
A. spending $1 increases GDP by more than $1. B. spending $1 increases GDP by less than $1. C. saving $1 increases GDP by more than $1. D. spending $1 decreases GDP by more than $1.
If land is not in demand, its rent will be _________.
Fill in the blank(s) with the appropriate word(s).
If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both countries would benefit from trade if the actual terms of trade between corn and wheat were 4:1.
Answer the following statement true (T) or false (F)