From 1865 to 1900, the production of wheat, corn, and cotton
A. increased much more slowly than population growth.
B. increased somewhat more slowly than population growth.
C. increased at about the same pace as population growth.
D. increased faster than population growth.
D. increased faster than population growth.
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In the above figure, the shift in the supply curve from S to S2 reflects
A) an increase in the supply of pizza. B) an increase in the quantity of pizza supplied. C) a decrease in the quantity of pizza supplied. D) a decrease in the supply of pizza. E) a decrease in the supply of pizza and a simultaneous decrease in the quantity of pizza supplied.
Answer the following statements true (T) or false (F)
1. The biggest disadvantage of a sole proprietorship is the lack of distinction between the business and the owner. 2. In a partnership, each partner’s liability is limited to his or her contribution to the partnership. 3. The board of directors has unlimited financial liability for the debts of the corporation. 4. A corporation can raise money by selling stock or bonds.
Recall the Application about the salaries paid in Major League Baseball to answer the following question(s). Some Major League Baseball players are free agents, meaning they are free to negotiate a contract with any team. Other players are journeymen and apprentices, who are restricted to a single team.Recall the Application. Which of the following, on the average, are paid the least relative to their MRPs?
A. rookies B. arbitration-eligible players C. free-agents D. they all are paid the same relative to their MRPs
The consumption function shows the relationship between planned real consumption spending and
A. the average propensity to consume. B. real disposable income. C. the marginal propensity to consume. D. planned real saving.