Other things equal, a country's long-run aggregate supply will shift to the right when the productivity of labor rises
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the table above. The relative price of beer in terms of wine in B is
A) $4.50. B) 2. C) 4.5. D) $2.00.
Producer surplus measures the benefit to sellers from receiving a price above their costs
a. True b. False Indicate whether the statement is true or false
What is a disadvantage of operating a sole? proprietorship?
A. Single layer of taxation B. Simplicity C. Flexibility and control D. Privacy E. Finite life span
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. At Point C, the absolute value of the slope of q2 = 200 is
A. less than 2. B. exactly equal to 2. C. greater than 2. D. indeterminate from this information.