Activities that interest groups undertake to secure special favors from government is called rent seeking
a. True
b. False
A
Economics
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The Phillips curve shows the trade-off between: a. unemployment and inflation
b. low interest rates and high levels of investment. c. economic growth and inflation. d. consumption and investment.
Economics
Refer to Table 11-7. What is the average variable cost per unit of production when the firm produces 90 lanterns?
A) $490 B) $33.67 C) $7.67 D) $5.44
Economics
Representative democracy makes no sense from an economic point of view
a. True b. False
Economics
A linear demand curve:
A. has a constant elasticity. B. will be more elastic when price is low and more inelastic when price is high. C. must be either perfectly inelastic or perfectly elastic. D. has a constant slope.
Economics