Which of the following is a trend in the U.S.?
A. increasing number of service industries
B. decreasing number of Hispanic workers
C. increasing number of goods-producing industries
D. decreasing number of Asian workers
Answer: A. increasing number of service industries
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When does equilibrium occur?
a. when quantity supplied equals quantity demanded b. when demand equals supply c. when consumers buy as much of the good as they want d. when suppliers sell as much of the good as they want
A COLA automatically raises the wage when the CPI rises
a. True b. False Indicate whether the statement is true or false
If society will gain by producing more X, then it must be the case that currently
A. PX = MCX. B. PX < MCX. C. either PX > MCX or PX < MCX. D. PX > MCX.
What are the functions for MC and AC if TC = 100q + 100q2? Are the returns to scale increasing, decreasing, or constant?
What will be an ideal response?