It is useful to distinguish between the cost of obtaining and the cost of providing goods because
A) costs always pertain to specific actions.
B) obtaining is more costly than providing.
C) providing is more costly than obtaining.
D) supply must equal demand.
A
You might also like to view...
Inflation can be started by
A) a decrease in aggregate supply or a decrease in aggregate demand. B) a decrease in aggregate supply or an increase in aggregate demand. C) an increase in aggregate supply or an increase in aggregate demand. D) an increase in aggregate supply or a decrease in aggregate demand. E) an increase in aggregate demand or an increase in potential GDP.
Labor mobility was
A) less in 1900 than in 2010. B) unimportant to global integration until the 1960s. C) greater in 1900 than in 2010. D) never controversial. E) a brand new feature of the global economy in the twenty-first century.
Please discuss the volume effect and the value effect in regards to how the current account will move given a change in the real exchange rate
What will be an ideal response?
If demand and supply both increase
A) the equilibrium quantity definitely will increase and market clearing price definitely will decrease. B) the equilibrium quantity definitely will increase and market clearing price definitely will increase. C) the equilibrium quantity definitely will increase but the change in market clearing price cannot be determined without more information. D) market clearing price definitely will increase but the change in the equilibrium quantity cannot be determined without further information.