A limitation one faces when shopping for clothes is the amount of time available to shop
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Suppose hypothetically that the consumer price index (CPI) was 150 in Year 1 and was 180 in Year 2 . What would be the inflation rate for this period?
a. 12 percent. b. 16.7 percent. c. 20 percent. d. 30 percent.
In reality international trade is determined solely by comparative advantage and the free market forces of supply and demand
a. True b. False Indicate whether the statement is true or false
A worker association that bargains with employers over wages and working conditions is called
a. a strike. b. an oligopoly. c. a firm. d. a union.
Country X experiences an increase in Real GDP and an increase in per-capita Real GDP. It follows that
A) the residents of country X are happier than they used to be. B) the benefits of economic growth outweigh the costs of economic growth. C) the costs of economic growth outweigh the benefits of economic growth. D) all the residents of country X are "richer" in terms of goods and services than they used to be. E) none of the above