Commodity monies have no intrinsic value.
Answer the following statement true (T) or false (F)
False
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Technology is
A) society's pool of knowledge of how to produce goods and services. B) a resource like land or physical capital. C) computers and lasers. D) not obtainable by engaging in activities that increase human capital.
In Chicago there are many restaurants. Each restaurant is slightly different from every other restaurant. Restaurants are an example of which market structure?
A. oligopoly B. monopolistic competition C. perfect competition D. monopoly
The other name for the National Labor Relations Act of 1935 is
A) the Wagner Act. B) the Taft-Hartley Act. C) the Clayton Act. D) the Wheeler-Lea Act.
Refer to the graphs shown.
If labor supply shifts from S1 to S2, the market wage rate will:
A. decrease from W1 to W0. B. increase from W0 to W1. C. increase from W1 to W2. D. decrease from W2 to W1.