Name the 6 pillars of free enterprise.
What will be an ideal response?
1) private property
2) specialization
3) voluntary exchange
4) the price system
5) market competition
6) entrepreneurship
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According to the text, the Fed and other policy makers are concerned about:
A. inflation rates that are too high only. B. inflation rates that are either too high or too low compared to its set target. C. inflations rates that are too low only. D. annual inflations rates that exceed 10%.
What options do you have when adding the "People You Do Business With" section of the QuickBooks Setup Window:
a. Importing from Outlook b. Importing from Yahoo or Gmail c. Pasting from Excel or entering manually d. All of these
A price ceiling imposed on a monopoly may:
A. drive the monopolist out of business. B. lead to no shortage. C. lead to a shortage. D. All of the statements associated with this question are correct.
The marginal product of labor
A. is larger when the labor supply is relatively larger. B. is measured by the slope of the production function relating capital to employment. C. is smaller when the labor supply is relatively smaller. D. decreases as the number of workers already employed increases.