Compared to most other industrialized nations, the United States has greater income inequality.
Answer the following statement true (T) or false (F)
True
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The largest component of M1 is
A) currency and coins. B) traveler's checks. C) transaction deposits. D) time deposit.
Which of the following best illustrates the fallacy of composition?
a. If Jamal had more money, he could afford to buy more goods.
b. If Aisha stood up at a basketball game, she could get a better view of the game; if everyone stood up at a basketball game, everyone could have a better view of the game.
c. If the price of bread rose, consumers would buy less; if consumers bought less bread, the price of bread would rise.
d. High housing prices cause people to buy less housing, but an increase in income might cause them to buy more housing.
What are the four factors of production?
What will be an ideal response?
Equilibrium price is _______ and equilibrium quantity is _______.
A. $10; 36
B. $8; 30
C. $8; 22
D. $6; 29