If a good or service is sold in a competitive market free of government regulation, then the price of the good or service adjusts to balance supply and demand
a. True
b. False
Indicate whether the statement is true or false
True
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At a price of $10 in the above figure, there is
A) a surplus of 200 units. B) a shortage of 200 units. C) a surplus of 400 units. D) a shortage of 400 units.
Real interest rates have, at times, been negative. Why would anyone lending money agree to a negative real interest rate?
What will be an ideal response?
The dollar volume of state-bank notes received by the First Bank of the United States was __________________ the dollar volume of its bank notes received by the state banks
a. greater than b. less than c. equal to
The features of the U-Form of firm organization are
a. workers can easily develop a high degree of functional expertise b. it is difficult for employees to share information across positions within a division c. employee evaluation is hampered by managers having different skill sets than workers d. coordination across divisions is simple and does not take much management time