Assuming a CEO has to sacrifice more than his assistant in order to engage in full-time typing, we would say that his assistant has a(n) ________ advantage in typing versus the CEO
A) absolute
B) comparative
C) pecuniary
D) overwhelming
Answer: B
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Consider the graph shown. What would most likely be the cause of a shift from S1 to S2?
A. A tax on sellers
B. A tax on buyers
C. A subsidy for sellers
D. A subsidy for buyers
Money serves as a good store of value except when an economy experiences a period of _____.
(A) Cyclical downturn (B) Recession (C) Depression (D) Inflation
Suppose the U.S. money supply increases from $7.6 trillion to $8.3 trillion. If there is zero real economic growth, and velocity stays constant, then according to the quantity theory of money, the U.S. inflation rate during this period would be:
A. 6 percent. B. 3 percent. C. 9 percent. D. 12 percent.
No market economies exist without government involvement and government regulation.
Answer the following statement true (T) or false (F)