The Sierra Club's report (linked to in the Learning Area) highlights the positive effects of NAFTA on communities and the environment.
Answer the following statement(s) true (T) or false (F)
Ans: False
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If the aggregate demand curve shifts ________ faster than the long-run aggregate supply curve, then ________ occurs
A) leftward; economic growth B) leftward; inflation C) rightward; economic growth D) rightward; inflation
Human capital includes the tools and equipment that human beings work with
a. True b. False Indicate whether the statement is true or false
Terence has $50 per week to spend on Subway sandwiches and milkshakes. The price of a Subway sandwich is $5 and the price of a milkshake is $4. He buys 6 sandwiches and 5 milkshakes. The marginal utility of the 6th sandwich = 25 and the marginal utility
of the 5th milkshake = 24. Which of the following is true? A) He is not maximizing his utility and should buy more milkshakes. B) He is maximizing his utility. C) He is not maximizing his utility and should buy more Subway sandwiches. D) He is not maximizing his utility because he is not spending all of his income.
The demand curve shows the relationship between:
A. money income and quantity demanded. B. consumer tastes and the quantity demanded. C. price and production costs. D. price and quantity demanded.