Sam wants to trade eggs for sausage. Sally wants to trade sausage for eggs. Sam and Sally have a double-coincidence of wants
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
What does the slope of the curved line at point A shown in the above figure equal?
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. Economic growth is typically measured in terms of real GDP per capita. 2. A slight difference in economic growth rates between two countries generally results in only minor differences in wealth in the long term. 3. A rise in productivity usually results in a higher standard of living. 4. A country that is increasing its rate of consumption is reducing its level of production. 5. The four factors that determine productivity and economic growth are natural resources, human capital, physical capital, and technology.
Medicaid is a health insurance program for the aged and certain disabled persons.
Answer the following statement true (T) or false (F)