If you buy a book of U.S. postage stamps to use to mail love letters to your sweetheart, the purchase is considered part of:
a. C.
b. I.
c. G.
d. X.
e. M.
a
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Describe the audit method of detecting discrimination
What will be an ideal response?
Suppose you hear Professor I.M. Dismal say, "There is no substitute for carefully reading your textbook!" In the real world, students
A) will always and absolutely obey their professor's orders. B) will purchase the textbook regardless of its price. C) will often find what they believe are useful substitutes for reading the text. D) will have a vertical demand curve for textbooks.
Assume that the U.S. can produce either 10 million cell phones or 20 million picture frames and that Canada can produce either 2 million cell phones or 6 million picture frames. Based on this information, which of the following is true? a. Both countries could benefit if the U.S. traded cell phones to Canada for picture frames. b. Both countries could benefit if the U.S. traded picture frames
to Canada for cell phones. c. Canada could gain from trade but the U.S. could not. d. The U.S. could gain from trade but Canada could not.
Explain why the U.S. money supply grew so rapidly in the 1970s