Price controls can generate inequities
a. True
b. False
Indicate whether the statement is true or false
True
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The relatively low rate of inflation coupled with a low unemployment rate that occurred in the 1990s represented a “normal” economic situation.
Answer the following statement true (T) or false (F)
Which of the following goods is an intermediate good?
A) lettuce that a restaurant buys to put on sandwiches B) tires that a car company buys to put on the cars it produces C) a television set that Chi-Mai buys to put in her college dorm room D) a and b E) b and c
In the above figure, the range of unit elasticity occurs
A. on the vertical axis. B. between point c and point d. C. on the horizontal axis. D. below point e.
Per capita income in the United States in 2010 was about:
A. $25,300 per person B. $36,300 per person C. $47,300 per person D. $59,300 per person