Because Texas is a part of the United States, it also implements a political system, which defines that
a. Have the fundamental rights to govern these territories.
b. President of the United States
c. Governor of the State of Texas Congress
d. The People
e. Supreme Court judges
Answer: e. Supreme Court judges
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"The price of digital cameras fell because of improvements in production technology. As a result, the demand for non-digital cameras decreased
This caused the price of non-digital cameras to fall; as the price of non-digital cameras fell the demand for non-digital cameras decreased even further." Evaluate this statement. A) The statement is false because the demand for non-digital cameras would increase as the price of digital cameras fell. B) The statement is false because digital camera producers would not reduce their prices as a result of improvements in technology; doing so would reduce their profits. C) The statement is false. A decrease in the price of digital cameras would decrease the demand for non-digital cameras, but a decrease in the price of non-digital cameras would not cause the demand for non-digital cameras to decrease. D) The statement is false because it confuses the law of demand with the law of supply.
The minimum point of the _____ curve is called the shutdown price
a. average-fixed-cost b. marginal cost c. average -total-cost d. total fixed cost e. average-variable-cost
Currently, the strategy of the Social Security system is to run surpluses to prepare for the retirement of the baby boom generation. The effectiveness of this strategy is being undermined because
a. rising interest rates make it more expensive for Social Security to borrow. b. inflation is reducing the value of the Social Security surplus. c. the trust fund is being used to finance current government expenditures, and the bonds held by the trust fund are an obligation of the U.S. Treasury. d. the federal budget surplus reduces the Social Security surplus.
In an economy where net exports are zero, if saving rises in some period, then in that period
a. consumption and investment fall. b. consumption falls and investment rises. c. consumption rises and investment falls. d. consumption rises and investment falls.