The condition often used in economics to isolate the relationship between two variables is
A) causation.
B) abstraction.
C) ceteris paribus.
D) efficiency.
C
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Some demand curves have constant elasticity everywhere
a. True b. False
Foreign investment in the U.S. causes the
a. balance on current account to become positive b. sum of the capital and current accounts to be positive c. balance of trade to become negative d. quantity of imported services to increase e. value of the dollar to increase
High prices redistribute wealth from consumers to firms
a. True b. False Indicate whether the statement is true or false
According to classical economists, unemployment rises in recessions due to an increase in ________ unemployment, not ________ unemployment.
A. frictional and structural; cyclical B. structural; frictional and cyclical C. cyclical; frictional and structural D. frictional and cyclical; structural