The invisible hand ensures that economic prosperity is distributed equally
a. True
b. False
Indicate whether the statement is true or false
False
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Public franchises create monopolies by restricting
A) demand. B) prices. C) entry. D) profit.
The way in which growth occurs affects the pattern of trade of a country
Indicate whether the statement is true or false
Ramen noodles are likely considered
A) a normal good. B) an inferior good. C) to have inelastic demand. D) to have perfectly elastic demand.
Refer to the graph shown. A purchase of shekels by the Israeli government would shift the:
A. supply curve to the left and raise the price of shekels. B. supply curve to the right and reduce the price of shekels. C. demand curve to the right and raise the price of shekels. D. demand curve to the left and reduce the price of shekels.