Hard work does not necessarily lead to a high income.
A. True
B. False
A. True (Hard work does not always yield success)
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For barter to occur there has to be
A) a commodity to serve as a medium of exchange. B) a single coincidence of wants. C) a double coincidence of wants. D) a formal market where prices are quoted.
As the time of delivery in a futures contract gets closer
A) the futures price gets closer to the spot price. B) the futures price generally rises further above the spot price. C) the futures price generally falls further below the spot price. D) the futures and spot prices remain the same as they were when the contract was first created.
When economists refer to labor, what type of workers are they referring to?
What will be an ideal response?
If the economy is on the flat portion of the AS curve
A. there is little crowding out of planned investment. B. government spending, but not consumption, crowds out planned investment. C. consumption, but not government spending, crowds out planned investment. D. there is almost complete crowding out of planned investment.