Money is one of our nation's resources (factors or means of production)
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
According to this Application, which of the following is a reason for holding cash?
A) for convenience B) fear of financial catastrophe C) to make a purchase when you cannot use a debit or credit card D) all of the above
In the United States in 2012, we produce about 1 barrel of oil for every
A) barrel of oil we export. B) barrel of oil we import. C) two barrels of oil we import. D) ten barrels of oil we import.
Most states have instituted mandatory seatbelt laws to reduce traffic fatalities. An economist may point out that an unintended effect of these laws is
A) an increase in the price of automobiles, further reducing fatalities. B) an increase in driving speed, reducing the number of accidents. C) a decrease in driving speed, further reducing fatalities. D) an increase in risky driving behavior, increasing fatalities.
Describe what happens to quantity of labor supplied when wages are at the equilibrium level, above equilibrium, and below equilibrium.
What will be an ideal response?