In an open mixed economy, injections are saving, taxation, and import spending
Indicate whether the statement is true or false
FALSE
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High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $50?
A. 5 B. 3 C. 2 D. 1
The main function of the 1997 Stability and Growth Pact (SGP) was to
A) exclude a highly indebted EMU country B) enhance cooperation between France and Germany. C) make the Euro a weak currency. D) distribute the Euro banknote among European central banks and to create a timetable for the imposition of financial penalties on countries that fail to correct situations of "excessive" deficits and debt promptly enough. E) determine specialized penalties for each member nation.
Equilibrium price
What will be an ideal response?
Many fast-food restaurants have begun offering value meals with fruit or salad instead of French fries. If consumers find this idea attractive, the market demand for potatoes will most likely:
A. increase, which may result in short-run losses for potato growers. B. decrease but have no effect on the profits earned by potato growers in the short run. C. increase but have no effect on the profits earned by potato growers in the short run. D. decrease, which may result in short-run losses for potato growers.