Money prices are:
A. always the best way to solve economic problems.
B. essential to a coordinating mechanism.
C. unfair ways of coordinating individual actions.
D. not essential to a coordinating mechanism.
Answer: D
You might also like to view...
The relationship between the labor employed by a firm and the real wage rate is shown by the
A) supply of labor curve. B) supply of jobs curve. C) demand for jobs curve. D) demand for labor curve.
A decrease in the unemployment rate which is accompanied by an decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
Making international comparisons of purchasing power is:
A. generally a straightforward comparison. B. complicated by trying to define a "typical" consumer. C. only hard when attempting to figure out the true purchasing power of the poor. D. All of these statements are true.
Suppose that the "Millennial" generation values leisure more than past generations. We can expect a decrease in the labor supply as the Millennials enter their prime working ages
a. True b. False Indicate whether the statement is true or false