According to the classical theorists, it is impossible to have a
A) surplus of a particular product.
B) shortage of a particular product.
C) decrease in the demand for a product.
D) decrease in the supply of a product.
E) general overproduction of products.
E
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Which of the following statements is true?
A) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which decelerated their economic growth. B) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which accelerated their economic growth. C) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which accelerated their economic growth. D) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which decelerated their economic growth.
Innovative ideas often exist in an environment of uncertainty, and their probabilities of success usually cannot be determined in an objective way
Indicate whether the statement is true or false
State one important consequence of Coasian reasoning on the analysis of contracts
To which of the problems in the construction of the CPI is the invention of pocket-sized computers most relevant?
a. substitution bias b. introduction of new goods c. unmeasured quality change d. income bias