If Gladys sells her 1998 Jeep Cherokee for $3,500 in 2016, the sale of her car contributes $3,500 to 2016 GDP
Indicate whether the statement is true or false
FALSE
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Given the information in the above table, the relationship between x and y is
A) positive, and the curve becomes flatter as x increases. B) positive, and the curve becomes steeper as x increases. C) positive and linear. D) negative and linear.
Inflation burdens those individuals living on fixed incomes
Indicate whether the statement is true or false
Based on the research findings of David Galenson, Robert Heavner and others, what type of person would you expect to negotiate an indenture contract of the longest duration?
a. a 13 year-old illiterate male who went to New York b. a 22 year-old female weaver who went to Massachusetts c. a 20 year-old male unskilled worker who went to the West Indies d. a 21 year-old male blacksmith who went to the Pennsylvania
A shoe factory has an elasticity of supply of .5 as the price of shoes rises from $50 to $75. If the factory produced 100,000 shoes at a market price of $50, how many will be produced at the new price?
(A) 125,000 (B) 400,000 (C) 200,000 (D) 75,000