If you compare consumption and investment patterns over time, you find that
a. like consumption, investment is fairly stable over time
b. like consumption, investment is fairly erratic over time
c. unlike consumption, which is fairly stable over time, investment is subject to erratic fluctuations
d. unlike consumption, which is subject to erratic fluctuations, investment is fairly stable over time
e. investment is rarely affected by technological and economic factors
C
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List some of the problems that may arise when prices are controlled.
What will be an ideal response?
Personal income in the United States is primarily determined by selling labor services
a. True b. False
Using supply and demand analysis, customers will stand in line for gasoline when a price ceiling is in force, even if the price ceiling is at a level higher than the equilibrium price
a. True b. False Indicate whether the statement is true or false
Concrete likely does not follow the law of one price due to:
A. lack of information regarding prices. B. high transportation costs. C. technical differences. D. tariffs.