When consumers or producers do not bear the full cost of their economic decisions, they tend to produce or consume more than they otherwise would
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The total amount spent on new capital in a time period is equal to
A) wealth. B) gross investment. C) depreciation. D) net investment.
Economics
Refer to Figure 12-1. If the firm is charging a price of $12 per unit
A) it is not selling any output. B) it is selling 700 units. C) it is making a profit. D) it breaks even.
Economics