Which of the following statements is correct?
A) assets plus liabilities equal net worth
B) assets plus net worth equal liabilities
C) assets equal liabilities plus net worth
D) liabilities minus net worth equal assets
C
Economics
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In the long-run, both perfectly competitive and monopolistically competitive firms will produce at minimum average cost
a. True b. False
Economics
Government spending:
A. tends to increase with increases in the price level. B. tends to increase with decreases in the price level. C. remains generally unaffected by changes in the price level. D. is not a component of aggregate demand.
Economics