Journey Motorcycles produced 100 motorcycles using 50 workers who each worked 8 hours a day. Journey's productivity was 1/4
a. True
b. False
Indicate whether the statement is true or false
True
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Benefit levels for TANF are the same, regardless of where you live
Indicate whether the statement is true or false
Which requirement for perfect competition rules out trade associations or other collusive arrangements in which firms work together to influence price?
A. Freedom of entry and exit B. Homogeneity of product C. Perfect information D. Numerous small firms and customers
Money is the most liquid asset, because as _______ it requires no conversion.
a) a unit of account b) a medium of exchange c) a store of value d) fiat money
The price elasticity of demand along a vertical demand curve is
A) elastic at high prices and inelastic at low prices. B) infinite. C) one. D) zero.