In which of the following decades did the American government take a more "hands off" or "let it alone" approach in its role in the economy?

The rules for respecting property rights as they relate to trade were negotiated during the Uruguay Round (1986-1994 ) and culminated in the Trade Related Aspects Intellectual Property Rights (TRIPS) agreement

Indicate whether the statement is true or false

Average fixed cost: a. declines continuously as output increases

b. is always greater than average variable cost. c. equals the difference between average total cost and average variable cost. d. is characterized by both (a) and (c).