Barter requires:
a. that the exchanged goods be portable.
b. that the exchanged goods be durable.
c. a coincidence of wants.
d. that the exchange medium be divisible.
e. an effective middleman.
c
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What is the short-run effect of increased deficit spending on an economy experiencing a recessionary gap?
A) Aggregate demand will increase, creating an inflationary ga
In Coppage v. Kansas (1912), the Supreme Court held that
a. all employers were required to offer employees the option of joining a union. b. an employer's right to require that employees sign "yellow-dog contracts" was protected by the 14th Amendment. c. "yellow-dog" contracts were illegal for any business engaged in interstate commerce. d. using federal troops to break strikes was a legitimate use of police power. e. All of the above.
The opportunity cost of going to the movies is always the same for everyone
a. True b. False Indicate whether the statement is true or false
Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time help. As for her personal expenses, her apartment costs her $12,000 per year and her personal bills are an extra $6,000 per year. What is Jacinda's opportunity cost of running the business?
A. $104,000 B. $86,000 C. $62,000 D. $44,000