In which of the following economic activities do we commonly find a proprietor acting as a supervisor, a provider of capital, and a residual claimant?

The reason that it is possible for the economy in the above figure to be at equilibrium point E2 rather than at equilibrium point E1 is that

A) in the long run there is always less than full employment. B) in the short run the economy can produce more than it can in a long-run situation. C) AD always shifts rightward and never shifts leftward. D) the economy must be in a recession.

One person's use of common resources does not reduce the enjoyment other people receive from the resource

a. True b. False Indicate whether the statement is true or false