Why are politicians and economists concerned about the economic growth rate in the? U.S.?
What will be an ideal response?
Small differences in the rate of economic growth can make large differences in the standard of living over time.
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Discrimination based on age, race, gender, or family status very likely increases as a result of rent ceilings
Indicate whether the statement is true or false
Refer to Table 2-5. If the two countries specialize and trade, who should export cell phones?
A) Estonia B) They should both be importing cell phones. C) There is no basis for trade between the two countries. D) Finland
How does a change in the quantity of money change the interest rate in the long run?
What will be an ideal response?
In reality, the long-run supply curve for a perfectly competitive market is upward sloping because:
A. of changing costs of production that firms may face. B. not all firms have identical cost structures. C. experienced firms will have different information and costs than new firms. D. All of these are true.