Which statement is true?
A. Mass production can take place without mass consumption.
B. Mass consumption can take place without mass production.
C. Mass production can take place without mass consumption and mass consumption can take place without mass production.
D. Mass production cannot take place without mass consumption, nor can mass consumption take place without mass production.
D. Mass production cannot take place without mass consumption, nor can mass consumption take place without mass production.
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The percentage change in quantity supplied that results from a 1 percent change in price is known as the:
A. slope of the supply curve. B. cross-price elasticity of supply. C. cross-price elasticity of demand D. price elasticity of supply
The divergent behavior of unemployment in the United States and Europe, especially in the 1990s,
a. has been ascribed to different structural characteristics of money markets in the two regions. b. has been attributed to different structural characteristics of labor markets in the two regions. c. cannot be explained for these two regions. d. has been explained with different demographic factors in the two regions.
One flaw of pure capitalism is that a person who owns no resources could starve
a. True b. False
Earnings differentials cannot be explained at all by differences in productivity
a. True b. False Indicate whether the statement is true or false