A market shortage can be defined as a situation in which the quantity supplied in a market is greater than the quantity demanded, at the given price.

a. true
b. false


Answer: b. false

Economics

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In the industrial period of U.S. history, the manufacturing goods consumed by U.S. households were subject to

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A source of business risk is a change in

A) technology. B) consumer preferences. C) input prices. D) All of the above

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Cooperation in an infinite game

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The statistical discrepancy account:

a. accounts for services. b. accounts for gifts to foreigners. c. is included to ensure a balance between debits and credits in the capital account. d. estimates transactions that were omitted from the official reporting process. e. causes the net balance in the balance of payments to be negative.

Economics