The 1996 legislation put significant emphasis on family structure
Indicate whether the statement is true or false
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A constant-cost industry will have
A) a perfectly elastic long-run supply curve. B) a perfectly inelastic long-run supply curve. C) an upward sloping demand curve in the long run. D) an upward sloping supply curve in the long run.
The primary source of colonial productivity growth in agriculture was:
a. learning by doing. b. an increased capital-labor ratio. c. technology improvements. d. the introduction of hybrid seeds and fertilizer.
A sudden increase in the demand for newly built homes will
a. decrease the demand for lumber, bricks, and steel. b. decrease the demand for construction workers and architects. c. increase the marginal product of workers in the construction industry. d. increase the demand for construction workers and architects.
Demand for products such as insulin, cancer drugs, and tobacco is usually inelastic.
a. true b. false