Entrepreneurs are more likely to develop among minority groups that have been blocked from traditional high-paying jobs
a. True
b. False
Indicate whether the statement is true or false
True
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The long-run aggregate supply curve
A) is horizontal. B) has a steep but positive slope. C) has a negative slope. D) is vertical.
Hired housekeepers, nannies, and cooks, working in households as either employees or self-employed persons, earn incomes for productive services that are not counted in GDP
Indicate whether the statement is true or false
Economies of scale occur when the average total cost of producing each individual unit increases as the level of production increases
a. True b. False Indicate whether the statement is true or false
An appreciation in the value of the dollar would
a. make U.S. goods less expensive to foreigners. b. encourage U.S. consumers to buy more foreign goods. c. increase the number of dollars that could be purchased with a Mexican peso. d. discourage U.S. consumers from traveling abroad.