Waste systems and highways are part of a nation's infrastructure
a. True
b. False
Indicate whether the statement is true or false
True
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A productivity decrease would be illustrated by a shift in the production function
a. downward. b. leftward. c. upward. d. rightward.
According to the? input-substitution effect, an increase in the wage ? increases decreases the quantity of labor per unit of ? output input ?, so the quantity of labor demanded ? decreases increases .
According to the? input-substitution effect,
an increasean increase
in the wage
?
increases
decreases
the quantity of labor per unit of
?
output
input
, so the quantity of labor demanded
?
decreases
increases
.
What is a tariff?
What will be an ideal response?
Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $10 and a quantity of 500 units. In equilibrium, consumer surplus is equal to:
A. 1,500. B. 2,500. C. 5,000. D. 3,500.