By the start of the Civil War, the value of woman's labor was, on average, equal to that of an adult male due to technological advancements
Indicate whether the statement is true or false
False
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In the above figure, at which point on the demand curve is the price elasticity of demand equal to 1?
A) a B) b C) c D) It is impossible to say at which point the elasticity equals one.
Which of the following is an accurate statement about the fallacy of composition?
a. Group plans are often thwarted by individual behavior. b. Individual behavior is easier to predict than group behavior. c. The motivation for individuals changes when they become part of a group. d. Individual truth and group truth are often different.
The federal funds rate is the interest rate on short-term loans made by:
A. the Federal Reserve to commercial banks. B. commercial banks to other commercial banks. C. the federal government to commercial banks. D. the Federal Reserve to the federal government.
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.