Gross savings are comprised of _______ savings, _______ savings, and _______ savings.
Fill in the blank(s) with the appropriate word(s).
personal; business; government
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A straight-line production possibilities curve has
A) an increasing opportunity cost between the two goods. B) a decreasing opportunity cost between the two goods. C) a constant opportunity cost between the two goods. D) no opportunity cost between the two goods.
Criticisms of the Robinson-Patman act
a. It can reduces consumer surplus b. It can reduces producer surplus c. It can creates inefficiency through unconsummated transactions d. All of the above
Which of the controversial business practices, resale price maintenance, predatory pricing, or tying, was a part of a long-running antitrust lawsuit against Microsoft and why?
A technological advance that increases labor productivity will:
A. decrease the demand for labor as MP falls. B. decrease the demand for labor as fewer workers are needed. C. decrease the supply of labor as fewer workers are needed. D. increase the demand for labor as MP rises.