Business decisions can be made by focusing mainly on the benefits of a decision because most costs are fixed
Indicate whether the statement is true or false
False
Economics
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If the dollar appreciates against the peso it means that U.S. goods become more expensive in Mexico
Indicate whether the statement is true or false
Economics
Which of the following is TRUE?
A) When resources are allocated on the basis of personal characteristics, all people who are willing and able to pay the price get the resource. B) When the range of activities to be monitored is large and complex, a command system allocates resources better than a market price. C) When a market price allocates resources, some people who are willing and able to pay that price don't get the resource. D) Force helps support the legal system on which markets function.
Economics