Profit functions are homogeneous of degree zero.
Answer the following statement true (T) or false (F)
False
Rationale: They are homogeneous of degree 1
Economics
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All of the following are determinants of net exports except
A. domestic and foreign incomes. B. relative price levels. C. domestic and foreign trade policies. D. producers' expectations about future prices.
Economics
The double coincidence of wants is a much practiced transaction modem in the U.S. today
Indicate whether the statement is true or false
Economics