Property owned by governments is called:
A. Private property
B. Shared property
C. Public property
D. Common property
Answer: C
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Comparing aggregate expenditure and aggregate incomes shows that
A) aggregate expenditure is usually greater than aggregate income. B) aggregate income is usually greater than aggregate expenditure. C) they are equal. D) aggregate income cannot equal aggregate expenditure if we have any savings.
Sketch a PPF for video entertainment and other goods and services before broadband
What will be an ideal response?
Which of the following is true? a. The long run supply curve for a competitive increasing cost industry will be upward sloping
b. The long run supply curve for a competitive increasing cost industry will be more elastic than the industry's short run supply curve. c. The long run supply curve for a competitive increasing cost industry will be horizontal. d. Both (a) and (b) are true.
Dan owns one of the many bakeries in New York City. Which of the following events will lead to an increase in Dan's demand for the services of bakers? (i) The price of muffins increases. (Muffins are Dan's specialty.) (ii) Dan adds three new ovens to the kitchen area to help the bakers work faster. (iii) Local bakers form a union to protect themselves from low wages
a. (i) and (ii) only b. (ii) and (iii) only c. (i) and (iii) only d. (i), (ii), and (iii)