Price reductions will usually result whenever the quantity supplied exceeds the quantity demanded at the current price
a. True
b. False
Indicate whether the statement is true or false
True
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Why is it misleading to argue that emissions permits are a "license to pollute"?
An example of human capital would be:
A. your writing skills. B. your desk. C. your computer. D. None of these is an example of human capital.
Referring to a production possibilities curve and the goods being compared, depict the economic event. Widespread use of the assembly line revolutionizes U.S. industry in the early 20th century (capital vs. consumer goods).
A. A movement from a point inside the curve to a point on the curve B. A movement from a point on the curve to a point inside the curve C. A shift in the entire curve to the right (outward) D. A shift in the entire curve to the left (inward)
In the modern U.S. economy, the typical unemployed person stays unemployed for
A) a relatively long time, over a year. B) a relatively short time, less than six months. C) a long time during expansions and a short time during recessions. D) an amount of time that is hard to quantify.