What is Y - C equal to?
A) S
B) S + T
C) I + G
D) T
A
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Monopolists may be able to earn profit, even in the long run, as the result of
a. consumer ignorance. b. an inelastic demand for its product. c. product differentiation. d. high barriers to entry.
In the mid-1980s, in which communist country did the credo change from "From each according to his ability, to each according to his needs" to "More pay for more work, less pay for less work"?
A. The Soviet Union B. Vietnam C. Cuba D. China
Which of the following is the best example of capital?
A. a family buying a newly produced home B. a shoe store adding to its inventories C. a ship used to carry oil across the ocean D. the production and sale of a new delivery van for UPS
Income is to money as
A. short story is to novel. B. video is to digital photo. C. song is to symphony. D. entree is to dessert.