Industries that are truly critical to the national defense should be protected from foreign competition if that is the only way to ensure their existence

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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In the above table, when x increases from 4 units to 6 units, y changes by ________ units

A) 2 B) -2 C) 6 D) -6

Economics

Which of the following is an example of a physical constraint?

a. The work you can perform on 1,500 calories a day. b. The wages you can earn against each hour of work. c. The bank balance of an individual at any point of time. d. The contract price at which you agree to sell your house.

Economics

"Rising prices" and "rising inflation" mean the same thing

a. True b. False

Economics

Suppose that a college professor is creating an exam in her university office. Which of the following would be an example of a factor of production used by the professor? (i) the professor's time (ii) a computer software program into which the professor types the exam questions (iii) the physical space of the professors office where she works when creating the exam (iv) the interest on the

professor's home mortgage a. (i) only b. (i) and (ii) only c. (i), (ii), and (iii) only d. (i), (ii), (iii), and (iv)

Economics