Changes in the composition of demand among industries or regions are called sectoral shifts
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Household production consists of households producing goods and services, like meals, cleaning and child care, instead of firms
a. True b. False
Economics
Total variable costs: a. are costs associated with short-run fixed capital
b. are so named because they vary from firm to firm within an industry. c. increase as production increases. d. decrease as production increases.
Economics