Capital formation is a key component of economic growth
a. True
b. False
Indicate whether the statement is true or false
True
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If the market clearing price of computer tablets falls from $400 to $300, and the market clearing output decreases from 5 million to 4 million units,
A) demand decreased and supply remained unchanged. B) supply increased and demand remained unchanged. C) demand increased and supply remained unchanged. D) supply decreased and demand remained unchanged.
If demand is perfectly elastic, a sales tax is paid by
A) only the buyers. B) only the sellers. C) both the buyers and sellers. D) None of the above answers is correct.
Majority of slaves that were brought to the New World during the colonial period were used in the production of:
a. cotton. b. sugar. c. tobacco. d. rice.
There is an Italian soccer player who makes more than $10 million a year. Why?