The supply curves for labor and capital are ________ and the demand curves for labor and capital are ________
A) upward sloping; downward sloping
B) vertical; horizontal
C) vertical; downward sloping
D) upward sloping; vertical
C
Economics
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Everything else equal, when domestic currency appreciates against a foreign currency:
A) the nominal exchange rate goes u
Economics
Differentiate between a change in demand and a change in quantity demanded
What will be an ideal response?
Economics
When "rent controls" result in a shortage of housing, landlords
A) use criteria other than price to allocate housing. B) lower the price to allocate the housing. C) attempt to attract renters. D) None of the above.
Economics
The term underground economy refers to
a. the coal-mining industry b. all ore mining c. the subway system d. purely illegal activity e. market activity not reported to the government
Economics