Less than 13 percent of U.S. workers belong to unions
a. True
b. False
Indicate whether the statement is true or false
True
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If Q = K1/2L1/2 the MPL is
a. constant b. increasing c. diminishing
A bank's net worth is:
a. equal to assets plus liabilities b. sometimes called the owners' equity. c. equal to assets minus reserves. d. the same thing as net profits. e. the amount of interest charged by the bank for short-term loans.
Which of the following groups are typically harmed by unexpected inflation?
a. lenders b. borrowers c. pensioners on fixed incomes d. both (a) and (c).
What are two related effects that combine to make a consumer able and willing to buy more of a specific product at a lower price than a higher price? Explain the logic of both effects
Please provide the best answer for the statement.