Although a corporation is the most common type of firm, corporations generate only a small share of business revenue in the U.S. economy

Indicate whether the statement is true or false

FALSE

Economics

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The opportunity cost of a two-week vacation in Hawaii for an Arizona resident includes: a. the cost of the beach resort hotel accommodations

b. the airfare to and from Honolulu International Airport. c. the time that could have been used to travel somewhere else. d. all of the above.

Economics

One reason stagflation is difficult to recover from is because:

A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.

Economics