Cross-elasticity of demand could be used to measure the responsiveness of the quantity demanded of swimming pools to a change in the price of picnic tables
a. True
b. False
Indicate whether the statement is true or false
True
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The cost of producing an additional unit of a good or service that falls on people other than the producer is
A) the marginal cost. B) represented by the demand curve. C) represented by the supply curve. D) the marginal external cost. E) the marginal social cost.
Under the Articles of Confederation, the Continental Congress permitted each state to issue paper money and borrow on their own to finance expenses related to the American Revolution
Indicate whether the statement is true or false
A bank that has $10,000 in excess reserves can extend new loans up to a maximum of:
a. $1,000. b. $9,000. c. $10,000. d. $100,000.
Explain the ways in which the government can persuade private businesses to invest more in order to speed up the process of capital formation?
What will be an ideal response?