We wouldn't have to make choices if wants were not insatiable

If there is a sudden jump in the inflation rate, the purchasing power of financial assets will immediately fall

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

Which of the following statements is true for both Microsoft and a locally owned restaurant?

A. Both confront perfectly elastic demand for their products. B. Both are perfect competitors. C. Neither firm is able to influence the price of their products. D. Both seek to maximize profits.