Market economies are likely to suffer from recessions and inflation because the government plans all economic activity
a. True
b. False
Indicate whether the statement is true or false
False
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If the actual price level is less than the expected price level reflected in long-term contracts, _____
a. firms will find production more profitable in the short run than they had expected and will decrease the quantity of output supplied b. firms will find production less profitable in the short run than they had expected and will decrease the quantity of output supplied c. firms will find production more profitable in the short run than they had expected and will increase the quantity of output supplied d. resource owners will earn higher returns in the short run than they had expected and will decrease the quantity of resources supplied e. unemployment will increase in the short run as firms will substitute labor with capital inputs
In the United States, which part of government investigates claims of subsidies or dumping?
What will be an ideal response?
Indentured servitude was first used to promote immigration in
a. Jamestown in 1618. b. Plymouth Colony in 1623. c. New York in 1630. d. Rhode Island Colony in 1652.
From 1973 to 1995 the growth rate of labor productivity in the U.S. was approximately
a. ?0.8%. b. 1.4%. c. 2.9%. d. 5.1%.