Over the past 80 years, the overall price level in the U.S. has experienced a(n)
a. 4-fold increase.
b. 10-fold increase.
c. 13-fold increase.
d. 17-fold increase.
d
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Wealth decreases as a result of ________ and/or ________.
A. positive saving; capital gains B. negative saving (borrowing); capital gains C. negative saving (borrowing); capital losses D. negative saving (borrowing); crowding out
Explain why the world's stocks of grizzly bears are more likely to be depleted than the world's stocks of shee
What will be an ideal response?
A perfectly competitive firm's short-run supply curve is the:
a. average total cost curve. b. demand curve above the marginal revenue curve. c. same as the market supply curve. d. marginal cost curve above the average variable cost curve.
Which of the following is NOT a potential problem of using export controls?
A) There is an incentive for other countries to develop production of their own. B) Domestic producers may have less incentive to increase output. C) Prices go up in the country imposing the controls. D) There is more incentive for smuggling.