The market mechanism is more efficient in allocating resources between time periods than it is in allocating resources among different industries

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Because Texas is a part of the United States, it also implements a political system, which defines that

a. Have the fundamental rights to govern these territories. b. President of the United States c. Governor of the State of Texas Congress d. The People e. Supreme Court judges

Economics

There are two types of investment: ________ investment—the spending by business firms on equipment and structures, and planned spending on residential houses—and ________ investment—spending by business firms on additional holdings of raw

materials, parts, and finished goods. A) planned; gross B) planned; inventory C) fixed; gross D) fixed; inventory

Economics

The colonies traded internationally with regions other than the United Kingdom. They included all except

(a) Africa (b) China (c) West Indies (d) Southern Europe

Economics

The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $450 per month as the legal maximum rent, consumer surplus will be

A) a. B) a + b + f. C) a + b + c. D) a + b + c + f + g.

Economics