True/False
Producers do not have to monitor their production costs because they can always pass off higher costs of production in the form of higher prices.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q147: Free interstate trade within the U.S. has
Q148: Consumers decide whether or not to purchase
Q149: Firms seek the least-cost combination of inputs
Q150: How are prices set in a free
Q151: Changes in the average standard of living
Q153: Economic growth steadily produces a more equal
Q154: What you consume is determined only by
Q155: GDP is a measure of what consumers
Q156: Most workers in the U.S. labor force
Q157: The purpose of an economic system is