A relative price is the product of two money prices
Indicate whether the statement is true or false
FALSE
You might also like to view...
When the consumption schedule is plotted on a graph,
A. consumption is on the horizontal axis and disposable income is on the vertical axis. B. consumption is on the horizontal axis and saving is on the vertical axis. C. consumption is on the vertical axis and saving is on the horizontal axis. D. consumption is on the vertical axis and disposable income is on the horizontal axis.
The marginal benefit is the
A) additional gain from one more unit of an activity. B) additional cost from one more unit of an activity. C) loss of the highest-valued alternative. D) additional gain from one more unit of an activity minus the additional cost from one more unit of the activity.
The increased willingness of employers to hire strikebreakers, and the increased willingness of workers to cross picket lines, help explain why unions have grown more reluctant to strike
Indicate whether the statement is true or false
In the early years of the Great Depression, 1929-1933:
A. two-thirds of U.S. banks failed. B. more than a third of all U.S. banks failed. C. a little less than one-quarter of U.S. banks failed. D. over one half of all U.S. banks failed.