Decreasing returns to scale is strictly a short run phenomenon for firms.

Answer the following statement true (T) or false (F)

False

Economics

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The opportunity cost of college is the same for all students who are receiving full-tuition scholarships

a. True b. False

Economics

Full employment occurs when

a. everyone has a job b. everyone who wants a job has one c. there is no frictional unemployment d. there is no cyclical unemployment e. there is no structural, frictional, and seasonal unemployment

Economics