Streetcar owners in the early 20th century were against segregation for profit maximizing reasons
a. True
b. False
Indicate whether the statement is true or false
True
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The opportunity cost of holding money is
a. the dollar cost necessary to change other assets into money b. the time cost of accessing funds c. the value of the goods and services a person is able to obtain with the money d. the interest a person could have earned by holding other forms of wealth instead e. zero, because opportunity costs only apply to real assets, goods and services
The short-run aggregate supply curve is upward-sloping, while the long-run aggregate supply curve tends to be vertical.
Answer the following statement true (T) or false (F)
What are the two meanings of interest in economics?
What will be an ideal response?
Suppose output is $440 billion, government purchases are $40 billion, desired consumption is $320 billion, and net exports are $35 billion. Then desired investment equals
A. $45 billion. B. $30 billion. C. $20 billion. D. $35 billion.