A production point is economically efficient as long as it lies within the production possibilities set

Indicate whether the statement is true or false

F

Economics

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Which of the following might be an example of an economic argument against advertising?

a. It causes the demand for the good to be more elastic b. It allows the producer to earn an economic profit in the long run c. People may be deluded into thinking that a good with a brand name is better than an otherwise identical generic brand d. The claims made in the ads are almost always false

Economics

A currency depreciation would _____ net exports, and therefore ___________ aggregate demand.

A. increase; increase B. increase; decrease C. decrease; decrease D. None of the above is correct.

Economics