Suppose that for a curve, as the variable measured on the x-axis increases, the variable measured on the y-axis decreases. The curve has a ________ slope
A) tangent
B) positive
C) negative
D) hypothetical
C
Economics
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When collective agreement on a policy is 100 percent of all voters, external costs are minimized
a. True b. False
Economics
Given that you observe nothing but the high price of the product, you are more likely to infer that
a. The product is low quality b. The product is high quality c. The product is the lowest quality possible d. The product is defective
Economics
If the demand for labor is highly inelastic, an increase in wages secured by the union will cause a big increase in unemployment among union workers
Indicate whether the statement is true or false
Economics
When the price level falls,
A. real income rises. B. real income falls. C. real GDP demanded increases. D. real GDP demanded decreases.
Economics