Economics examines the options open to households and business firms, but ignores the options of governments and entire societies
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Perfect competition arises if the ________ efficient scale of a single producer is ________ relative to the demand for the good or service
A) minimum; small B) minimum; large C) maximum; small D) maximum; large
Economics
Money income is
A) market income plus cash payments from government. B) equal to market income. C) market income plus cash payments from government minus taxes. D) market income minus taxes.
Economics