The law of supply implies that
A. Supply curves are downward-sloping to the right.
B. Supply curves are flat.
C. A change in a determinant of demand shifts the supply curve.
D. Supply curves are upward-sloping to the right.
Answer: D
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Imagine that there are two countries, Home and Far Far Away, and that residents of each own only one asset, domestic land yielding an annual harvest of mangoes. Assume that the yield on the land is uncertain
Half the time, Home's land yields a harvest of 5,000 tons of mangoes at the same time as Far Far Away's land yields a harvest of 2,500 tons. The other half of the time the outcomes are reversed. The average for each country mango harvest is A) 2500. B) 2750. C) 3500. D) 3750. E) 3000.
The founders of the U.S. Constitution clearly understood how to write a document capable of producing the amount of wealth presently accumulated in the U.S
Indicate whether the statement is true or false
Unemployment insurance __________ the amount of unemployment
Fill in the blank(s) with correct word
In a typical business cycle, what stage immediately follows a peak?
(A) Contraction (B) Expansion (C) Growth (D) Trough