In the short run, if a firm shuts down its maximum loss equals the amount of its fixed cost
Indicate whether the statement is true or false
TRUE
Economics
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Under the Gold Standard (1880-1913) gold would flow into the U.S. when
(a) U.S. exports exceeded its imports. (b) U.S. imports exceeded its exports. (c) domestic demand grew faster than domestic supply. (d) domestic supply grew faster than domestic demand.
Economics
FGLS estimates are efficient when explanatory variables are not strictly exogenous.
Answer the following statement true (T) or false (F)
Economics