Which of the following is true about the long run operations of perfectly competitive firms?
a. They produce with productive efficiency.
b. They produce with allocative efficiency.
c. They earn zero economic profits.
d. all of the above
Question 2
Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes?
a. Taxes increase workers' incentives to work for longer hours.
b. Taxes raise the disposable income of the workers.
c. Imposition of taxes makes the government popular among the people.
d. Taxes reduce the opportunity cost of leisure.
e. Taxes reduce the demand for labor.
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
True Friendship
When young infants hold objects for a long period of time they eventually become habituated to them.
Human activity has released carbon from sequestration in long-term reservoirs
When a 2.75-kg fan, having blades 18.5 cm long, is turned off, its angular speed decreases ...