Laissez faire refers to a program of minimal interference in the market system
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In the above table, the average fixed cost of producing 15 units of output is
A) $0.50. B) $2.00. C) $6.66. D) $8.66.
Economics
As viewed by economists, a public good ______.
a. can be controlled only by the government b. is hard to prevent people from using c. cannot be physically touched or moved d. is purchased with tax revenue
Economics