If consumption is greater than income, saving must be negative
a. True
b. False
Indicate whether the statement is true or false
True
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Technological improvements are generally harmful to society because new machines replace human beings, causing increased unemployment.
Answer the following statement true (T) or false (F)
Mechanic lien laws grant property rights to labor. They allow labor to make claims against the real property of businesses for work completed or materials supplied
Indicate whether the statement is true or false
If we observe a great deal of advertising of men's shaving products, we can infer that
a. the market for those products is perfectly competitive. b. it costs firms very little to produce those products. c. those products are highly differentiated. d. firms are irrational in their decisions to advertise.
A snowmobile rental shop asked its best customer how often he would rent at various rates. Which of the following will show the data on a graph?
a. individual demand schedule b. market demand schedule c. individual demand curve d. market demand curve