Consider a country that produces only two goods: bird feeders and binoculars. Suppose it is possible for this country to increase its production of bird feeders without producing fewer binoculars

In this case, its current output combination is inefficient.


Indicate whether the statement is true or false

TRUE

Economics

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A totalitarian leader

a. situational leadership b. participative leadership c. autocratic leadership d. laissez faire leadership

Economics

When TR is increasing as a monopolist's output increases

A) MR is negative. B) MR is positive. C) MR = 0. D) MR may be positive or negative.

Economics