Creative destruction is one of the negative effects of market competition
Indicate whether the statement is true or false
False
Economics
You might also like to view...
Refer to Figure 7.1. Start from initial equilibrium. If the economy experiences increased immigration, the new real wage could be ________ and the new amount of labor employed could be ________
A) X; C B) Y; A C) Z; C D) Z; A
Economics
Aggregation is important because it allows many individual variables to be combined into one larger whole
a. True b. False
Economics
In the circular-flow diagram, which of the following is not a factor of production?
a. labor b. land c. capital d. money
Economics
Hyperinflation occurs when
A. the inflation rate is extremely high. B. the inflation rate is extremely low. C. the inflation rate declines. D. the inflation rate rises.
Economics