In the period of U.S. economic history known as the Great Depression, the rate of inflation was generally
A. trending upward.
B. positive.
C. uncertain.
D. negative.
Answer: D
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Which of the following is true? a. As long as human wants exceed available resources, scarcity will exist
b. Scarcity ultimately leads to competition for the available goods and services. c. Scarcity affects everyone to the same degree. d. Both a. and b. are true.
A second or third worker may have a higher marginal product than the first worker in certain circumstances
a. True b. False Indicate whether the statement is true or false
If you receive a gift whose market price is $20, but you consider it to be worth only $10, then:
A. there is a $10 or 50 percent value gain. B. there may or may not be a value loss. C. there is a $10 or 50 percent value loss. D. you can be relatively certain the giver was a sibling or other close relative.
If the level of an input cannot be increased because there is insufficient time to put them in place, they are called
A. fixed input. B. variable input. C. changeable input. D. unchangeable input.