In 1860 four-fifths of the farms with over 500 acres were in the
A. North.
B. East.
C. South.
D. West.
C. South.
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How is a production possibilities curve similar to a budget constraint?
What will be an ideal response?
In the 1973 movie Save the Tiger, Jack Lemmon plays Harry Stoner, the CEO of a clothing manufacturer whose business has fallen on hard times
In one of the key scenes of the movie, Stoner tries to convince his partner that they should hire someone to burn one of their buildings in order to collect on their insurance policy. Harry Stoner's actions are an example of A) asymmetric information. B) adverse selection. C) moral hazard. D) self-interest.
If the consumption function is defined as C = 5,500 + 0.9Y, what is the marginal propensity to consume?
A) 0.1 B) 0.9 C) 5.5 D) 6.1
An increase in supply will cause a shortage at the original market price
a. True b. False Indicate whether the statement is true or false