Which of the following is an example of government influence on supply?
a) law of supply
b) subsides
c) marginal costs
d) market supply curve
Ans: b) subsides
Economics
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Define wealth, or net worth
What will be an ideal response?
Economics
The number of live births per 1000 people in the population per year is the
(a) hidden momentum of population growth. (b) population growth rate. (c) demographic transition. (d) crude birth rate.
Economics
Which component of consumption has a negative or indirect relationship with consumption?
A. Expected future income B. Real income C. Wealth D. Interest rates
Economics
In the early decades of the U.S. economy, the primary purpose of taxation was to
a. pay off accumulated debt. b. cover the cost of government services. c. redistribute income and wealth. d. stabilize economic activity.
Economics