Most studies have found that tobacco and marijuana are substitutes rather than complements
a. True
b. False
Indicate whether the statement is true or false
False
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If the market interest rate decreases, then there will be _____
a. an upward movement along the investment demand curve b. a downward movement along the investment demand curve c. a rightward shift of the investment demand curve d. a leftward shift of the investment demand curve e. no movement along or shift of the investment demand curve
If the world supply curve is SW1,
A. there is a trade surplus of Q2 ? Q1. B. there is a trade deficit of Q1 ? Q2. C. there is a trade surplus of Q1 ? Q2. D. there is a trade deficit of Q2 ? Q1.
The political business cycle refers to the possibility that:
A. incumbent politicians will be reelected regardless of the state of the economy. B. politicians will manipulate the economy to enhance their chances of being reelected. C. there is more inflation during Democratic administrations than during Republican administrations. D. recessions coincide with election years.
Answer the following statement(s) true (T) or false (F)
1. many schools, medical care facilities, and churches operate as nonprofit organizations 2. the government is a nonprofit organization that plays a direct role in the economy by, for example, regulating public utilities that would operate with few or no competitors 3. limited liability is one characteristic of the corporate form of business organization 4. a professional association tries to improve the working conditions, skill levels, and public perceptions of the profession 5. labor unions use collective bargaining to negotiate job-related issues with management