The decline of the greenback against gold made imports more expensive
Indicate whether the statement is true or false
True
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Tastes for perfect substitutes are both homothetic and quasilinear.
Answer the following statement true (T) or false (F)
Real wages of manufacturing workers
a. rose between 1860 and 1890, but then fell for much of the period until 1920. b. remained fairly stable until 1900, but then rose between 1900 and 1914. c. followed a general upward trend from 1860 through 1920. d. exhibited dramatic periods of rise and fall between 1860 and 1920.
In a franchising relationship
a. the franchisor is the local businessman or businesswoman b. the corporate brand owner contracting with local operator is the franchisor c. the local operators are the franchisors d. the corporate brand owner contracting with local operators is the franchisee
Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200 600 61,000 700 9 800 80012 600 90015 4001,000Refer to Table 3.1. If the price per pizza is greater than $15, there would most likely be a(n)
A. excess supply of more than 600 units. B. excess demand of less than 400 units. C. quantity demanded of more than 400 units. D. quantity supplied of less than 1,000 units.