X-inefficiency refers to the situation in which firms with market power are operating in the upward-sloping segment of their long-run average cost curve
Indicate whether the statement is true or false
FALSE
Economics
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Total income in an economy is equal to
A) GDP minus net exports. B) income minus taxes. C) the sum of wages, interest, rent, and profit. D) firm revenues.
Economics
Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?
A. $41,282 B. $46,021 C. $46,371 D. $41,150
Economics