Efficiency in the choice of outputs requires that marginal cost be equal to marginal revenue and nothing else
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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North American Free Trade Agreement (NAFTA) has not only eliminated all tariffs and nontariff barriers to trade among the member countries but also allows free human migration between the member countries.
Answer the following statement true (T) or false (F)
Economics
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Economics