Refer to the graph shown. Which supply curve is inelastic?
A. A
B. B
C. C
D. None of the answers is correct.
Answer: A
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Which of the following would increase aggregate supply?
A) increased training and education B) a reduction in input prices C) a discovery of new raw materials D) all of the above
Diminishing marginal returns occurs when:
a. the marginal product of a variable input diminishes with each additional unit of the input. b. the marginal product of a variable input increases with each additional unit of the input. c. the marginal product of a fixed input diminishes with each additional unit of the input. d. the marginal product of a fixed input increases with each additional unit of the input.
In 2008 ___________ had the highest annual expenditures on public and private schools per student.
A. Spain B. France C. United States D. Japan
Skis and snowboards are close substitute goods. Fill in the blanks: A in the price of snowboards would tend to the demand for
What will be an ideal response?