Your mother tells you, "Watching ten hours of TV per day will make you stupid." This is a positive statement because:
a. your mother says it with a positive tone in her voice.
b. it is your mother's opinion
c. it is a proposition that can be tested.
d. your mother is only thinking of your best interest.
c
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________ refers to the overall political and financial situation of a country, and the extent to which these conditions may affect the ability of a country to repay its debts
A) Debt-rescheduling B) IMF conditionality C) Country risk D) International debt
Answer the following questions true (T) or false (F)
1. If a perfectly competitive firm maximizes short-run profits, its marginal revenue will be positive and less than its price. 2. A profit-maximizing monopolistically competitive firm produces and sells an allocatively efficient quantity of output. 3. Unlike a perfectly competitive firm, a monopolistic competitor does not have a short-run shut-down point.