Privatization is the process of turning private enterprises into state-owned enterprises
Indicate whether the statement is true or false
false
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Which of the following is NOT one of the functions of money?
A) protection from increases in prices of goods and services B) store of value C) medium of exchange D) unit of accounting
Official poverty rates in the last 40 years have
A) fallen dramatically. B) risen dramatically. C) stayed roughly the same. D) been eliminated.
The phrase "demand has increased" means that
A) a demand curve has shifted to the right. B) there has been a downward movement along a demand curve. C) a demand curve has shifted to the left. D) there has been an upward movement along a demand curve.
If demand increases while supply decreases, then the equilibrium price
A) always increases. B) always decreases. C) may increase, decrease, or stay the same. D) never changes.