Equilibrium price is
A. $10.
B. $8.
C. $6.
D. $4.
C. $6.
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How does correlation differ from causation? Give an example of each to illustrate your answer.
What will be an ideal response?
One example of a Phillips Curve would be a
A) positive relationship between deviations from trend in real and nominal interest rates. B) negative relationship between deviations from trend in real and nominal interest rates. C) positive relationship between deviations from trend in the level of prices and the level of aggregate economic activity. D) negative relationship between deviations from trend in the level of prices and the level of aggregate economic activity.
Provide arguments for and against education vouchers
What will be an ideal response?
Free trade refers to trade between countries
A) that is without shipping costs. B) that is licensed by both governments. C) that is without restrictions. D) of products which are free to low-income consumers.