The idea of purchasing power parity:
A. always holds.
B. rarely holds.
C. explains why standards of living have changed over time.
D. explains how standards of living is fixed over time.
B. rarely holds.
You might also like to view...
Advertising costs
A) make the marginal revenue more elastic. B) shift the ATC curve upward. C) shift the marginal cost curve rightward. D) indirectly shift the marginal cost curve upward. E) affect the marginal cost but not the total cost.
Unlike the person or persons who formally form a sole proprietorship or partnership, a corporation has
(a) a perpetual life. (b) unlimited liability for the debts accumulated by the firm. (c) the right to vote. (d) concentrated ownership.
Joe is maximizing utility by consuming three colas at $2 apiece and four hot dogs at $3 apiece. The last cola gave him 200 units of utility. How many units of utility did the last hot dog give him?
A. 300 B. 133.33 C. 600 D. 10
People will buy more of a normal good when their income decreases.
Answer the following statement true (T) or false (F)