Karl Marx believed the central figures in an industrial economy were the
A. labor union leaders.
B. heads of the ruling political party.
C. capitalists.
D. stock market speculators.
C. capitalists.
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The price of salsa rises. How does the increase in the price of salsa affect the supply of salsa?
A) The supply of salsa increases. B) The supply of salsa decreases. C) There is no change to either the supply of salsa or the quantity of salsa supplied. D) There is no change to the supply of salsa, but the quantity of salsa supplied increases. E) There is no change to the supply of salsa, but the quantity of salsa supplied decreases.
During World War II, prisoners of war used ________ as money
A) chocolate B) cigarettes C) bullets D) cowrie shells
Log-linear demand function is also called a constant-elasticity demand function
Indicate whether the statement is true or false
The higher the world price above the domestic no-trade equilibrium, the lesser the quantity of a good exported by a country
a. True b. False Indicate whether the statement is true or false