Extensive advertising will always lead to an increase in average total cost for the firm

If a country runs a trade deficit to finance increased current consumption, it will have to increase consumption in the future to pay back its borrowings

Indicate whether the statement is true or false

The result of government intervention in the market is that

A. The production possibilities curve always shifts outward. B. Society is always worse off. C. Society is always better off. D. Society could be made better or worse off.