The market for wheat is most likely considered a monopolistically competitive market
a. True
b. False
Indicate whether the statement is true or false
False
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When you have equity in a company, it means you:
A. own part of a company and share in its profits. B. have diversified the company's risk. C. have diversified your risk by investing with a company. D. own a portion of the debt obligations of a company.
The Jones family is going to Disney World and has set a budget of $2000 for visiting the theme park and hotel accommodations. Their original plan was to spend three days at the park and two nights in the hotel. Mrs. Jones unexpectedly listens to a timeshare sales pitch and she is paid $400 for enduring the ordeal. The family decides to spend an extra day at the park and two extra nights in the
hotel. For the Jones family, we can be certain that a. hotels nights are an inferior good b. their budget line has shifted to the left c. theme parks days are an inferior good d. hotel nights are a normal good e. their budget line has changed its slope
An unanticipated decrease in aggregate demand will cause an upward shift in the short-run Phillips curve
Indicate whether the statement is true or false
According to the World Bank, nearly 2 billion people are classified as being in ________ poverty.
A. harsh B. overwhelming C. severe D. extreme