The demand for gasoline is perfectly inelastic because most people need gasoline to drive their cars
Indicate whether the statement is true or false
FALSE
Economics
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The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interest on reserves held on deposit
A) does; does B) does; does not C) does not; does D) does not; does not
Economics
Which of the following conditions is TRUE for a profit-maximizing firm in a perfectly competitive industry?
A) MR = TC B) ATC = AFC C) MR = MC D) MC = AVC
Economics
The imposition of a minimum wage in the unskilled labor market creates labor surplus or unemployment
a. True b. False Indicate whether the statement is true or false
Economics
Exchange rates vis-a-vis the U.S. dollar have changed little over time
a. True b. False Indicate whether the statement is true or false
Economics