A self-employed editor and writer is thinking about purchasing a new computer to use for work. In making this investment decision, the person should take time into account
a. True
b. False
A
Economics
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An imperfectly competitive firm faces a demand curve that is:
A. perfectly elastic. B. more than perfectly elastic. C. downward sloping. D. perfectly inelastic.
Economics
A market comprised of only two firms is called a
A) competitive market. B) monopoly. C) duopoly. D) monopolistically competitive market.
Economics
The wage rate is
A. Not related to labor supply because people must work to survive. B. The payment for labor. C. Not related to the value of leisure because people need to relax. D. The opportunity cost of labor.
Economics
Which nation took the bold step of abandoning its own currency and adopting the U.S. dollar?
a. China b. India c. Mexico d. Ecuador
Economics