The most affordable places to live tend to be located disproportionately in the
A. southeastern states.
B. upper Mid-West.
C. Great Plains states.
D. mid-Atlantic states and along the West Coast.
Answer: B
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If the price of Pepsi increases, then there will be ________ of Pepsi.
A. a decrease in the supply B. a decrease in the quantity supplied C. an increase in the supply D. an increase in the quantity supplied
If those who are poor at any one time are poor only temporarily, then their plight is only temporary. This statement is based on which of the following assumptions?
a. Many spells of poverty are relatively short-lived. b. Government spending in the economy is inadequate. c. All phases of the business cycle are temporary. d. Education infrastructure in the economy is poor. e. Once people fall below the poverty line, it is almost impossible for them to rise above it.
One of the most famous cartels is OPEC
a. True b. False Indicate whether the statement is true or false
The SRAS curve is vertical at the natural level of real output
a. True b. False Indicate whether the statement is true or false