Rent and car payments are examples of:
a. Variable expenses
b. Fixed expenses
c. Net worth expenses
d. Assets
B
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The ________ curve shows a(n) ________ relationship between the real wage and the number of workers who are willing to work
A) labor demand; direct B) labor demand; positive C) labor supply; inverse D) labor supply; positive
The following questions are about mutual funds:
i. What are index funds? ii. What is an expense ratio? How do expense ratios affect the value of an investor's portfolio?
The central question in economics is how to:
a. deal with the problem of scarcity. b. change government economic policy. c. change people's wants to match their needs. d. manage money and become wealthy.
If the government wants to manipulate the equilibrium price, it will normally create a price floor or price ceiling; if the government want to manipulate the equilibrium quantity, it will normally impose taxes or award subsidies
Indicate whether the statement is true or false