"To each exactly the same" refers to
A) the productivity standard.
B) the free market doctrine.
C) the egalitarian principle.
D) the ceteris paribus assumption.
Answer: C
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Refer to the figure below. In the figure, which interval represents a business cycle recession?
A. A to B B. A to C C. B to C D. B to D
In the figure above, at the allocatively efficient level of computer production consumers are willing to give up
A) 0 televisions per computer. B) between 0 and 3 televisions per computer. C) 3 televisions per computer. D) more than 3 televisions per computer.
Variable costs increase when output rises
a. True b. False Indicate whether the statement is true or false
Over the last 80 years, the average annual U.S. inflation rate was about
a. 3.6 percent, implying that prices have increased 16-fold. b. 4 percent, implying that prices have increased 17-fold. c. 4 percent, implying that prices have increased 16-fold. d. 3.6 percent, implying that prices increased about 17-fold.