The fishing and whaling occupations in the early colonies:
a. never amounted to a significant economic force.
b. were a major influence in the early colonial economy.
c. started only in the eighteenth century.
d. were mixed in their economic impact, with fishing being the least important and whaling being most important.
b. were a major influence in the early colonial economy.
Economics
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When a firm increased its output by one unit, its AC decreased. This implies that
A) MC < AC. B) MC = AC. C) MC < AFC. D) the law of diminishing returns has not yet taken effect.
Economics
Each of the 15 members of the European Union that joined before May, 2004 use the euro as their currency
Indicate whether the statement is true or false
Economics