As more workers are added to a factory with few employees, ________________rises.
Fill in the blank(s) with the appropriate word(s).
Ans: total product
Economics
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The Coase Theorem implies that _____
a. absent transactions costs, resources will be efficiently allocated b. absent transactions costs, resources will be inefficiently allocated c. with significant transactions costs, resources will be efficiently allocated d. with significant transactions costs, resources will be inefficiently allocated
Economics
If the Fed uses its tools to expand the money supply, bond prices will be bid down and interest rates will rise
a. True b. False Indicate whether the statement is true or false
Economics