A supply curve slopes downward because of the law of supply
a. True
b. False
Indicate whether the statement is true or false
False
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The nonhuman factors of production are
a. land and entrepreneurship b. capital and land c. capital and money d. money and land e. entrepreneurship and capital
The three goals of monetary policy are (1) _______; (2) _______; and (3) ________.
Fill in the blank(s) with the appropriate word(s).
The harmful effect of a price floor to ________ is ________.
A. consumers; the floor creates a shortage of the product B. producers; the selling price of the product is below the equilibrium price C. consumers; the selling price of the product is below the equilibrium price D. producers; the floor creates a surplus of the product
Firms that seek to avoid hiring lazy workers that assert they are hardworking are trying to avoid
A) adverse selection. B) moral hazard. C) screening. D) signaling.