In 1932, Walter Cannon of the Harvard Medical School coined the phrase ________________ to refer to the alerted condition of the body as it prepares for physical battle or escape

In the United States, the typical person who has lost his or her job finds another one in a few months except during severe recessions

Indicate whether the statement is true or false

Pure competition produces a socially optimal allocation of resources in the long run because:

A. Marginal cost equals marginal revenue B. Marginal cost equals average total cost C. Marginal revenue equals price D. Marginal cost equals price