The process by which resources are transformed into useful forms is
A. capitalization.
B. production.
C. consumption.
D. allocation.
Answer: B
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In a small town, it snowed 10 times on Christmas Eve during 25 years. What is the frequency of snowing on Christmas Eve in that small town?
A) 10 B) 25 C) 2.5 D) 0.4
Lump sum transfers ________ because they _______.
A. compromise efficiency; distort choices B. don't compromise efficiency; distort choices C. compromise efficiency; don't distort choices D. don't compromise efficiency; don't distort choices
Shifts in the short-run aggregate supply curve lead to shifts in the short-run Phillips curve
a. True b. False Indicate whether the statement is true or false
An organization that brings together the factors of production is called
A. a firm. B. an industry. C. a conglomerate. D. a plant.