The primary source of purchasing power used to buy imported goods is
What will be an ideal response?
the exports of a nation.
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Explain what economists mean by full employment and why this rate of unemployment is not zero
What will be an ideal response?
Company towns have situated largely in the
A. East. B. South. C. Midwest. D. West.
Monopolistically competitive firms:
A. earn zero economic profits in both the short run and the long run. B. can earn economic profits or losses in both the short run and the long run. C. earn economic profits in the short run but zero economic profits in the long run. D. can earn either profits or losses in the short run but earn zero economic profits in the long run.
If supply is inelastic, then a demand shift will have a bigger effect on quantity than price.
Answer the following statement true (T) or false (F)