One factor which did not influence the levels of real output and employment in the classical system was the
a. stock of capital.
b. level of technology.
c. the price level.
d. size of the labor force.
C
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Refer to Table 2-9. What is Serena's opportunity cost of making a bracelet?
A) 2 necklaces B) 3/4 of a bracelet C) 1/2 of a necklace D) 1/2 of a bracelet
The value of consumption at each level of disposable personal income, all other determinants of consumption unchanged, is shown by the:
a. aggregate dissaving curve. b. consumption function. c. investment schedule. d. savings function.
The horizontal dotted line is
A. a price ceiling.
B. a price floor.
C. can be either a price ceiling or a price floor.
D. is neither a price ceiling nor a price floor.
If all of your friends use the same instant messaging service provider, you are likely to use it too. This behavior may create
A. A network economy. B. Distribution control. C. Cartels. D. Nonprice competition.