Segregation can result from government policies, social pressures, and individual choices
Indicate whether the statement is true or false
TRUE
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Refer to the following graph. The price of labor is $3 per unit:
What is the price per unit of capital?
A. $2.00 B. $5.00 C. $1.50 D. $2.10
Which of the following is the basic economic policy function of the Federal Reserve Banks?
A. Holding the deposits or reserves of commercial banks. B. Acting as fiscal agents for the federal government. C. The collection or clearing of checks among commercial banks. D. Controlling the supply of money.
Traditionally, economists regarded improvements in technology as
A. the most important factor that helped explain economic growth, and basically the only factor that would cause economic growth. B. an outside factor that helped explain economic growth. C. unrelated to economic growth in any systematic way. D. an important factor in explaining economic growth that was due to economic forces that also could easily be explained.
Refer to the above figure. The firm will just be covering all of its variable cost but none of its fixed cost
A. at prices between $1 and $2. B. when the price equals $1. C. when the price equals $2. D. when the price equals $4.