During the recession phase of the business cycle,
A) interest rates are usually falling. B) income is usually rising.
C) production is usually rising. D) unemployment is usually falling.
A
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The federal minimum wage automatically increases every year for inflation
Indicate whether the statement is true or false
The law of diminishing marginal utility implies that the marginal utility of my fifth hot dog is less than the marginal utility of my second soft drink, other things constant
a. True b. False
Refer to the graph shown. If this graph represents a monopoly market, the equilibrium price and quantity will be:
A. Qd= 50 - 1,000P. B. Qd= 1,000 - 20P. C. Qd= 20 - 1,000P. D. Qd= 1,000 - 50P.
A depreciation in the value of the U.S. dollar would:
A. encourage foreigners to travel on American owned airlines. B. make U.S. goods more expensive to foreign consumers. C. decrease the number of dollars it takes to buy a Swiss franc. D. make it more expensive for U.S. citizens to travel abroad.