Self-sufficiency is the best way to increase one’s material welfare.
Answer the following statement true (T) or false (F)
False
You might also like to view...
In economic terms, the total price of a pound of meat for an individual who has waited in line is
A) the money price paid to the butcher for the pound of meat. B) the money price of meat relative to the price of bread or other necessity. C) the money price of the meat plus the opportunity cost of time spent waiting in line. D) the money price of an equal amount of meat substitute, such as beans and rice.
If the demand for tacos increases,
a. the supply of corn increases b. the supply of corn decreases c. the demand for corn increases d. the demand for corn decreases e. the price of corn falls
The currency of the United States is:
a. backed dollar for dollar by gold. b. backed by a gold cover of 50 percent. c. not backed by any precious metal. d. backed by the government's silver reserves. e. backed by the government's gold and silver reserves.
Negotiation between a labor union and the firm that employs unionized workers is called
a. collective bargaining b. a strike c. return to monopsony power d. a labor dispute e. marginal revenue product of labor