If a curve rises and then falls, it shows a
A) maximum.
B) minimum.
C) linear relationship.
D) constant slope relationship.
A
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Suppose a price index is formed to measure changes in the price level between 1999 to 2005. A price index based on changes in the cost of the basket of goods purchased by the typical consumer in 2005 is called a
a. relative price index. b. consumer price index. c. Laspeyres price index. d. Paasche price index.
Which factor of production earns profit?
A) land B) human capital C) money D) entrepreneurship
If workers demand and receive higher real wages (a successful wage push), the cost of production ________ and the short-run aggregate supply curve shifts ________
A) rises; leftward B) rises; rightward C) falls; leftward D) falls; rightward
The tax on gasoline causes deadweight losses, as is the case with all taxes
a. True b. False Indicate whether the statement is true or false