Which of the following resources is necessary to combine efficiently the other resources to produce goods and services?
a. natural resources
b. capital
c. labor
d. entrepreneurial ability
e. financial institutions
D
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The Keynesian short-run aggregate supply curve is horizontal because
A) it represents Say's law. B) it reflects wage and price inflexibility. C) it represents the full employment level of real GDP. D) it reflects the absence of money illusion.
People from which nation in Europe were most likely to come to colonial North America as redemptioners?
a. Italy. b. Holland. c. Germany. d. France.
Total costs:
A. are fixed costs plus variable costs. B. include explicit and implicit costs. C. increases as the firm increases output. D. All of these are true.
Different types of unemployment pose different problems to the economy. Compare and contrast three types of unemployment. Explain how much of a problem each poses compared to the others.
What will be an ideal response?