The mechanism of supply and demand is
a. a fundamental tool in both microeconomics and macroeconomics.
b. the only real "law" of economics.
c. a fundamental tool only in microeconomics.
d. a fundamental tool only in macroeconomics.
a
Economics
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Campaign speeches normally include normative economic statements
a. True b. False Indicate whether the statement is true or false
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A natural monopoly occurs when
A. there are high fixed costs and continuously decreasing average total costs. B. there are continuously decreasing average total costs. C. there are high fixed costs. D. there are continuously increasing marginal costs.
Economics