Fixed exchange rates serve as a constraint on inflationary government policies
a. True
b. False
Indicate whether the statement is true or false
True
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The perfectly competitive firm's short-run supply curve is the same as the
a. supply curve of all other firms in the industry b. upward-sloping portion of its marginal cost curve c. upward-sloping portion of its marginal cost curve at or above minimum average variable cost d. upward-sloping portion of its average variable cost curve e. market demand curve
The positive externality associated with education is:
a. producers can get higher prices for their goods and services. b. less crowding in the classrooms. c. increases in societal well-being and economic growth. d. technological progress slows as basic research increases. e. the market excludes noncontributors to education from benefits.