Which of the following is correct?
a. A horizontal line has an infinite slope, and a vertical line has a zero slope.
b. A horizontal line has a slope of 1, and a vertical line has a slope of -1.
c. A horizontal line has a zero slope, and a vertical line has an infinite slope.
d. A horizontal line has a slope of -1, and a vertical line has a slope of 1.
c
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Suppose a Chinese restaurant provides free tea to its customers. In the economic way of thinking, the restaurant is
A) engaging in predatory pricing of its meals. B) engaging in predatory pricing of tea. C) selling Chinese food below cost. D) doing all of the above. E) almost certainly doing none of the above.
Netflix, an online DVD rental service, was established in 1997. In 2010, Netflix has more than 10 million subscribers. This technology has ________ in the labor market for computer software programmers
A) decreased demand B) increased supply C) decreased supply D) increased demand
Fed policies since the 1980s have attempted to
A) overshoot natural real GDP. B) undershoot natural real GDP. C) "stall" the economy whenever natural real GDP is growing too fast. D) A and B. E) none of the above.
Unions have been consistent supporters of quotas in hiring
Indicate whether the statement is true or false