Expansionary gaps create what type of shortage?
a. money
b. demand
c. labor
d. no shortages are created in expansionary gaps
c
Economics
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We ADD to the GDP when goods produced abroad are sold in the United States
Indicate whether the statement is true or false
Economics
The market demand for wheat is ________ and the demand for wheat produced by an individual farm is ________
A) perfectly elastic; perfectly inelastic B) not perfectly elastic; perfectly elastic C) not perfectly inelastic; inelastic D) elastic; unit elastic
Economics
________ is the first step in the planning process according to a Model (diagram) in the book
a. Implementing b. Gathering and analyzing information c. Awareness d. Evaluation
Economics
To serve the public interest, government sometimes promotes competition by breaking up natural monopolies
a. True b. False
Economics