Public choice theory states that government officials act in the public interest rather than their own self-interest when setting policies and regulations.

Answer the following statement true (T) or false (F)


False

Economics

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If there is an increase in energy prices, how will it affect the short-run aggregate supply curve?

Economics

Perfectly competitive firms sell homogeneous products.

Answer the following statement true (T) or false (F)

Economics

According to the law of demand, other things being equal

A) when the price a good goes up, then people buy more of that good. B) when the price a good goes up, then people buy less of that good. C) when people's income goes up, then they buy more of a good. D) when people's income goes up, then they buy less of a good.

Economics

The American Federation of Labor was formed in 1886 as a dissident group from the

A) Knights of Labor. B) Knights of Pythias. C) Masonic Lodge. D) Knights of Columbus.

Economics