People from which nation were most likely to come to colonial North America as indentured servants?
a. England.
b. Liberia.
c. Germany.
d. France.
a. England.
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When production reflects consumer preferences, ________ occurs
A) productive efficiency B) allocative efficiency C) equity D) efficient central planning
When the price of steel rises, Ford uses more aluminum in the production of its cars. This is an example of
a. substitution in consumption. b. substitution in production. c. a change in the marginal productivity of a resource. d. derived demand.
On necessities, more of the incidence of tax is
A. borne by the producer. B. borne by the consumer. C. shared equally between the producer and the consumer. D. None of these are correct.
Suppose the demand for a product is lnQxd = 12 ? 3 ln Px. Then product x is:
A. unitary elastic. B. elastic. C. inelastic. D. It cannot be determined without more information.