Which of the following conditions could lead to an inefficient quantity of pretzels being produced?
A) the existence of many producers of pretzels
B) the existence of many consumers of pretzels
C) the existence of a single producer and seller of pretzels
D) All of the above conditions could cause the actual quantity of pretzels to be an inefficient quantity.
C
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Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
In the eyes of the law, a corporation is a legal "person," separate from its owners. Explain what this means
What will be an ideal response?
Which of the following pairs of goods are NOT complements?
A) Hockey sticks and hockey pucks B) Computer CPUs and computer monitors C) On-campus student housing and off-campus rental apartments D) all of the above E) none of the above
By 2009, the percentage of the U.S. labor force employed in agriculture was:
a. 1.1 percent. b. between 2and 5percent. c. about 10 percent. d. 3percent.