Policies designed to promote import substitution often encouraged labor-intensive production methods, which encouraged the creation of jobs.
Answer the following statement true (T) or false (F)
False
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Reserves are funds that banks use to satisfy the cash demands of their customers and the reserve requirements of the Fed
Indicate whether the statement is true or false
When money wages rise, the most significant effect on the aggregate supply curve is that it
A. shifts outward. B. shifts inward. C. becomes flatter. D. becomes steeper.
Property rights will help ensure efficient use of a common resource like fisheries, since:
a. property rights can be used to make a good excludable. b. property rights can be used to make a good nonrival. c. property rights will eliminate any negative externality arising from the use of a resource. d. the marginal social cost will be reduced.
Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s).Recall the Application. Suppose a firm that produces drones has a linear demand curve for its product, with a vertical intercept of $1,500. If the firm initially charged a price of $500 and then raised its price to $750, the firm's profit will ________.
A. increase B. decrease C. stay the same. D. decrease until it becomes zero.