Slope is measured as rise/run
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The farm revolt (Populism) led ultimately to all of the following changes in society except
(a) Universal public education (b) Women's suffrage (c) Secret ballots (d) The vote for working men
If regulators force a natural monopoly to price as a perfectly competitive firm would, the natural monopolist
A) will earn higher economic profits. B) will earn an economic loss. C) will expand its output. D) will experience a rise in long-term average costs.
It is true of externalities that they
a. are always detrimental. b. are always beneficial. c. arise when all costs, social and private, are included in production cost. d. cause the price system to misallocate resources.
Assume the central bank decides to pursue contractionary monetary policy. Where and how should you begin your analysis when analyzing the chain reaction of economic interactions?
a. Start the analysis in the real goods market with aggregate demand shifting to the left. b. Start the analysis in the real goods market with aggregate demand shifting to the right. c. Start the analysis in the real credit market with demand for real credit shifting to the left. d. Start the analysis in the real credit market with demand for real credit shifting to the right. e. Start the analysis in the real credit market with supply of real credit shifting to the left.