True or False: Profit-maximizing firms will hire a resource only if they can make money by doing so. True False True or False: In a market economy, each resource will tend to be paid according to its marginal revenue product. Highly productive resources will command low prices, whereas less productive resources will command higher prices. True False

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Atrough in the business cycle occurs when