Land owned by an individual or a group of individuals is an example of the economic concept of
A. private property.
B. human capital.
C. public property.
D. physical capital.
Answer: A
Economics
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Everything else held constant, aggregate demand increases when
A) taxes are cut. B) government spending is reduced. C) animal spirits decrease. D) the money supply is reduced.
Economics
Suppose a monopolist's demand curve lies below its average variable cost curve. The firm will:
a. stay in operation in the short-run. b. earn an economic profit. c. earn an economic profit in the long run. d. shut down.
Economics
Expansionary monetary policy strengthens the exchange rate of a country
a. True b. False Indicate whether the statement is true or false
Economics
With sticky nominal wages an unexpected decline in aggregate demand can be expected to cause.
What will be an ideal response?
Economics