"There should be less discrimination against women" is an example of a positive statement
a. True
b. False
B
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Which of the following affects the amount of money a person is willing to hold?
A) The use of credit cards increases. B) The price level rises from 103 to 107. C) The interest rate that you earn on your savings account increases. D) All of the above are correct.
One of the limitation of Five Forces is that
a. These tools reduce producer surplus b. For one firm to increase profit, it takes it from other participants in the industry c. Does not provide a firm with sustainable competitive advantage d. Both b and c
A production possibilities frontier can shift inward if there is
a. an increase in the unemployment rate b. mandatory retirement at age 55 c. an improvement in technology d. a larger work force e. a larger capital stock
Complete the following analogy: A criminal is to a police artist's sketch as the economy is to
a. money b. an economic model c. a resource d. ceteris paribus e. scarcity