A baby boom will have what immediate effect on the disposable diaper market?
a. Supply decreases.
b. Supply increases.
c. Demand decreases.
d. Demand increases.
e. Supply and demand remains the same.
d
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Comment on how extractive institutions affect:
a) the return-to-entrepreneurship schedule. b) the opportunity cost of entrepreneurship schedule. What will be an ideal response?
The equation total production = total income = total expenditure is called
A) the goods—market equilibrium condition. B) the total identity. C) the fundamental identity of national income accounting. D) Say's Law.
The consumer price index is calculated using a fixed basket of goods. Will this always give an accurate representation of the changing cost of living to consumers? Why or why not?
A recession has no benefit to society-it represents a sheer waste of resources
a. True b. False Indicate whether the statement is true or false