It is absolutely necessary for at least one trader to have money for barter exchange to take place
a. True
b. False
Indicate whether the statement is true or false
False
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How did the increased speed of computers affect the labor market for computer game designers?
A. Decreased wages and increased employment. B. Increased wages and decreased employment. C. Increased wages and increased employment. D. Decreased wages and decreased employment.
In the short run, when the Fed increases the federal funds rate,
A) the real interest rate rises and investment does not change. B) the real interest rate is unaffected but investment still decreases. C) the real interest rate rises and investment decreases. D) there is no effect on investment because investment depends on the real interest rate. E) the real interest rate falls and investment increases.
A monopoly always operates on the elastic portion of its demand curve
Indicate whether the statement is true or false
If Billy's reservation price on a snowboard is $250, how many snowboards would he buy if the market price of snowboards is $500?
A. 0 B. 1 C. 2 D. The amount of snowboards purchased would depend on Billy's income.