Residential investment did NOT decline in the recession which began in
A) 1973.
B) 1981.
C) 1990.
D) 2001.
D
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Money is considered to be a factor of production.
a. true b. false
?
In Exhibit 3-7, if price happened to currently be $25 in this market, a _______ would result, causing a _______ in price.
A. shortage; increase B. shortage; decrease C. surplus; increase D. surplus; decrease
Right-to-work laws
A. make it illegal for a state to pass any laws regarding union membership. B. make it illegal to require a union member to work abroad. C. make it illegal to require union membership as a condition of continuing employment in a particular firm. D. make a closed shop arrangement a legal condition that allows employees to obtain a particular job.
Firms are not likely to include their sunk costs when calculating their true cost of supplying goods if they
A) are calculating their income for tax purposes. B) have been accused by competitors of "dumping." C) have been accused by customers of "price gouging." D) must request price increases from a regulatory commission. E) want subsidies from the government.