If income and the prices of both goods all double, the budget line will
a. become flatter
b. become steeper
c. remain unchanged
d. experience a parallel outward shift
e. experience a parallel inward shift
C
Economics
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A cooperative, or "co-op" for short, is a single-owner firm
a. True b. False
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Most economists think that the economy’s self-correcting mechanism is
A. relatively rapid. B. rapid in the short run and sluggish in the long run. C. sluggish in the short run and rapid in the long run. D. relatively sluggish.
Economics
Organizations that transform resources into products are known as
A. households. B. factors. C. entrepreneurs. D. firms.
Economics
Between 1830 and 1860, the number of miles of railroad in operation increased by
a. roughly 100 percent. b. roughly 500 percent. c. roughly 750 percent. d. over 1000 percent.
Economics