All of the following are properties of the most exciting economic? questions, except good questions
A. address topics that are important to society.
B. can be answered.
C. address topics that are important to individual economic agents.
D. cannot be answered.
D. cannot be answered.
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What are the main characteristics of high-income and low-income households?
What will be an ideal response?
If marginal revenue exceeds marginal cost, a price-taker firm should
a. expand output. b. reduce output. c. lower its price. d. do both a and c.
New residential housing is placed under consumer expenditures in aggregate demand.
Answer the following statement true (T) or false (F)
Simon Kuznets
A. is the Secretary of the Treasury who helped pull the country out of the Great Depression. B. was a contemporary of Albert Einstein's who is responsible for the theory of economic relativity. C. was the first economist to construct an overall measurement of the U.S. economy. D. is an award-winning hip-hop artist who majored in economics in college.