A group of musicians performing at a concert for charity in New York is an example of a cluster in economics
a. True
b. False
Indicate whether the statement is true or false
False
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If the price of used cars rises, then the CPI will ________ and the GDP deflator will ________
A) increase; increase B) increase; not change C) not change; increase D) not change; not change E) increase; increase by more than the CPI
In the above figure, which point represents an unattainable production combination of the two goods?
A) point C B) point L C) point D D) point N
The elasticity of any demand curve is the same as its slope
a. True b. False Indicate whether the statement is true or false
Consider the following factors: a. culture b. religion c. customs d. prices e. income Which of the factors above are likely to influence the choices consumers make?
A) a, d, and e only B) all the factors except b C) all the factors except c D) d and e only E) all the factors listed