In the long run, all costs are considered variable
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Figure 4.3 illustrates the demand for tacos. Assume that tacos and burritos are substitutes. A decrease in the price of burritos would bring about a movement from
A) point a to point c. B) point c to point b. C) D2 to D0. D) D1 to D2.
Economics
In Zimbabwe, the government stopped the country's hyperinflation by
A) reducing domestic monetary growth drastically. B) returning to a gold/silver currency standard. C) switching to foreign currencies. that are relatively stable. D) passing a law making price increases illegal. E) implementing a new currency based on diamonds.
Economics