At levels of GDP above full employment, the federal budget would usually be in a deficit position

The fast-food industry is generally considered to be a constant cost industry in regards to its use of labor as an input. Why? a. Few people prefer to work in the industry

b. Available labor is in short supply. c. Firms use a relatively small share of unskilled labor in most cities. d. The productivity of the workers is relatively low.

Those who believe that monopolies are both inevitable and undesirable would probably support price regulation

Indicate whether the statement is true or false