"Privatization of government owned industries is a more desirable way to operate an economy" is a ________ statement about ________ policy.
A. positive; structural
B. normative; monetary
C. normative; structural
D. positive; fiscal
Answer: C
Economics
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A consumer's reservation price is the
A) amount she will pay for a hotel or airline reservation. B) minimum amount she will pay for a good or service. C) price that maximizes her surplus. D) maximum amount she will pay for a good or service.
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If an industry experiences economies of scale in production, then entry into the market by other firms is easy
a. True b. False Indicate whether the statement is true or false
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