Looking ahead to how the shopkeeper is more likely to respond what price should the customer more likely to quote?
a. High price
b. Low price
c. Let the shopkeeper quote the price
d. A compromised price between the high and the low
b
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The capital and financial account measures ________
A) foreign investment in the United States minus U.S. investment abroad B) capital produced outside of the United States minus capital produced inside the United States C) capital used inside the United States but manufactured outside the United States D) capital used outside the United States but manufactured inside the United States
Economic discrimination occurs when equivalent factors of production receive different payments for equal contributions to output.
Answer the following statement true (T) or false (F)
Banks can obtain funds to make loans by borrowing reserves from other banks through the federal funds market.
Answer the following statement true (T) or false (F)
A time-series graph showing total production in Japan from 1960 to 2010 shows a positive trend. It is the case that total production
A) fell every year between 1960 and 2010. B) rose every year between 1960 and 2010. C) was lower in 2010 than in 1960. D) was higher in 2010 than in 1960.