The U.S. remains the world's economic leader in all respects
a. True
b. False
Indicate whether the statement is true or false
False
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Use the following diagram to answer the next question.
The move shown in the diagram can be explained by ________.
A. interest rates falling B. businesses becoming pessimistic C. businesses becoming optimistic D. interest rates rising
If income effects are sufficiently strong, it may be the case that labor demand curves slope up.
Answer the following statement true (T) or false (F)
What is the marginal cost of a good?
What will be an ideal response?
If a firm is producing at the kink in its demand curve and it decides to increase its price, according to the kinked demand model
A. It will not gain market share but will definitely increase profits. B. It will lose market share to the firms that do not follow the price increase. C. It will gain market share. D. Its market share will not be affected.