Any point on a graph represents a combination of particular values of two variables
a. True
b. False
A
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If average labor productivity increases, then the same number of employed workers will always produce:
A. more output per person. B. less output per person. C. less total output. D. more total output.
Most U.S. redistribution occurs from _____
a. high-income individuals to low-income individuals b. middle-income individuals to low-income individuals c. middle-income individuals to middle-income individuals d. low-income individuals to middle-income individuals
Use the following table to answer the question below. Price per UnitQuantity Demanded per YearQuantity Supplied per Year$52,0000101,800300151,600600201,400900251,2001,200301,0001,500There will be a shortage whenever the price is
A. higher than $25. B. equals $25. C. higher than $30. D. lower than $25.
Most central banks of industrialized countries have monetary policy formed by:
A. an individual, usually the person heading the central bank at the time. B. an individual, usually the minister of finance. C. their version of Congress. D. a committee made up of members of their central bank.