History has shown that over the long run, labor-saving technology has actually not reduced employment
a. True
b. False
Indicate whether the statement is true or false
True
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The figure illustrates the demand for peanuts. If the price falls from $12 to $9 a bag, total revenue will ________, and if the price rises from $3 to $6 a bag, total revenue will ________
A) increase; decrease B) increase; increase C) decrease; increase D) decrease; decrease
Cartels are more likely to succeed the larger the number of firms in an industry
a. True b. False
Which concept compares the share of total wealth in society that is received by different groups?
a. Income inequality b. Poverty line c. Poverty rate d. Financial distribution
If the real interest rate is 5 percent and the inflation rate is 2 percent, then the nominal interest rate is 7 percent
a. True b. False Indicate whether the statement is true or false