Technological advancements in the antebellum period were
(a) constant and stable.
(b) almost non-existent.
(c) concentrated in manufacturing.
(d) slow in coming but labor-saving—especially in
agriculture—when they emerged.
(d)
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If Bill asks for a second helping of pancakes, then his
a. second helping must be free b. marginal utility of the second helping must be negative c. price per helping is too low d. marginal utility of the second helping must be positive e. marginal utility of the second helping must be less than the marginal utility of the first helping
Economist call a person who does not pay for a good or service they consume
A. A free loader B. A free rider C. Selfish D. An opportunist
MRP represents what the marginal physical product is worth.
Answer the following statement true (T) or false (F)
Data confirms that the quantity theory of money:
A) holds only in the short run. B) holds in the long run. C) holds both in the long run and the short run. D) does not hold either in the short run or in the long run.