Which of the following statements is true?
A) A worker who shirks work is not an economic agent.
B) All economic agents are necessarily individuals.
C) A government is an example of an economic agent.
D) A street gang is not an economic agent.
C
Economics
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Refer to the scenario above. What is likely to be the impact on Firm A's sales if Firm B decides to sponsor the event while Firm A decides not to sponsor the event?
A) A 5% increase in sales B) A 7% increase in sales C) A 0% increase in sales D) A 2% increase in sales
Economics
The law of diminishing marginal returns describes changes in output when inputs change
Indicate whether the statement is true or false
Economics