In the United States, the distribution of wealth is more unequal than the distribution of income.
Answer the following statement true (T) or false (F)
True
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A rightward shift in the demand curve in the loanable funds market causes a ________ the demand curve in the investment demand market.
A. leftward shift in B. downward movement along C. rightward shift in D. upward movement along
The average total cost curve of a firm is U shaped.
Answer the following statement true (T) or false (F)
When rent controls establish a legal maximum rental rate below the equilibrium rental rate
A) quantity demanded exceeds quantity supplied. B) quantity supplied exceeds quantity demanded. C) demand exceeds supply. D) supply exceeds demand.
Which of the following is not a gain from division of labor?
a. Workers' abilities are matched to tasks. b. Workers gain experience from the repetition of the tasks. c. Workers save time by not moving to different tasks. d. Workers' morale increases as tasks become more specialized. e. The introduction of labor-saving machinery is possible.