On the eve of the American Revolution, most colonials produced agricultural goods. The war boosted profits for many farmers
Indicate whether the statement is true or false
True
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Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $4 and the wage rate is $50 per day, how many workers should Winnie employ to maximize his profit?
A) 1 B) 2 C) 3 D) 4
The optimal time for the implementation of restrictive fiscal policy would be
a. before inflation accelerated. b. after inflation accelerated. c. during a recession. d. after the price level had risen significantly.
Suppose disposable income increases from $5 trillion to $6 trillion. As a result, consumption expenditure increases from $4 trillion to ________. This result means the MPC equals ______.
What will be an ideal response?
When gasoline prices fall, the demand for alternative fuel cars likely:
A. falls, raising their equilibrium price and lowering equilibrium quantity. B. falls, lowering their equilibrium price and raising equilibrium quantity. C. rises, raising their equilibrium price and quantity. D. falls, lowering their equilibrium price and quantity.