Amber Crombie is a stay-at-home mom while her husband Fitch works two jobs. What can we clearly conclude?
A) Amber Crombie is unemployed.
B) Fitch is employed.
C) Amber Crombie is exploited.
D) Fitch is exploited.
E) All of the above are true.
B
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The equilibrium price for a currency based on the forces of supply and demand is also known as the ______ of that currency.
a. surplus rate b. equilibrium quantity c. shortage quantity d. exchange rate
Answer the following statement true (T) or false (F)
1) Neoclassical theory suggests that to the extent impulse buying occurs, it is infrequent and does not affect the ability of economic models to predict behavior. 2) Placement of goods in grocery and other retail stores is often done with the objective of encouraging impulse buying. 3) Heuristics generally help people make fewer errors in their decisions. 4) Heuristics generally help people make fewer errors in their decisions.
Which of the following is TRUE about the long run?
A) All resources are variable. B) All resources are fixed. C) At least one resource is fixed. D) none of the above
Refer to the below schedules. There would be no incentive function performed by price in which of the given resource supply schedules?
Use the following demand schedule and possible supply schedules, A-D, to answer the question.
A. A
B. B
C. C
D. D