One thing that did not happen in the former Soviet Union was
a. widespread corruption
b. a lack of faith in formal institutions
c. workers bribing officials to get good jobs
d. consumers paying fair market prices to get desired products
e. prices not being allowed to allocate resources efficiently
D
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Consumers' preferences are represented by
A) budget lines. B) indifference curves. C) relative prices. D) household income.
The supply of loanable funds curve is downward sloping
a. True b. False
The decision to expand the size of your factory is a long-run decision
Indicate whether the statement is true or false
Which statement is true?
A. Virtually all of the poor receive public assistance, but not food stamps. B. Virtually all of the poor receive food stamps, but not public assistance. C. Virtually all of the poor receive public assistance and food stamps. D. None of these statements are true.