Economic goods are goods for which the quantity demanded exceeds the quantity supplied at a zero price.
A. TRUE
B. FALSE
Correct answer is a. true.
Economics
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The Lorenz curve shows
A) how poverty rates change over time. B) the percentage of population below the poverty line. C) the degree of inequality in the income distribution. D) the ratio of cash income to payments-in-kind.
Economics
A firm should never produce any output if
A) P < AVC. B) P < ATC. C) AR < ATC. D) MR < MC.
Economics