Economic consequences of Tea Act (1773) included a/an __________ in the price of tea in the colonies and a/an ___________ in the revenues of colonial tea wholesalers
a. increase; increase
b. increase; decrease
c. decrease; increase
d. decrease; decrease
d. decrease; decrease
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Pension plans, because of the __________-term nature of their liabilities, prefer to hold __________-term assets
A) long; long B) long; short C) short; long D) short; short
Renters of rent-controlled apartments will likely benefit from both lower rents and higher quality of apartments
a. True b. False Indicate whether the statement is true or false
Which of the following is inherent in the classical view of a self-adjusting economy?
A. Flexible prices and wages B. Inflexible prices and wages C. Instability D. Economic growth dependent on Innovation Theory E. Government spending to stimulate aggregate demand
Economies of scale are also referred to as increasing returns to scale.
Answer the following statement true (T) or false (F)