Which event probably contributed to the stagflation of the 1970s?

A. Worldwide agricultural surpluses
B. An improvement in productivity of resources
C. An appreciation in the dollar
D. A sharp rise the price of oil


D. A sharp rise the price of oil

Economics

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The United States

A. has sometimes attained productive efficiency. B. usually attains productive efficiency. C. never attained productive efficiency.

Economics

What is needed to create a supply schedule for a fruit smoothie shop?

(A) A supply curve and the price other shops are charging. (B) The number of other shops producing smoothies. (C) The price charged and the number of smoothies supplied. (D) All of the above.

Economics

Refer to the graph shown that depicts a third-party payer market for prescription drugs. If the co-payment is $2 per pill, what will be the total market expenditures on prescription drugs?

A. $30 B. $540 C. $90 D. $270

Economics

A technological advance may come in either the form of a product or a process innovation

a. True b. False Indicate whether the statement is true or false

Economics