Own price increases of a good causes the demand curve to shift.
a. true
b. false
Answer: b. false
Economics
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Robert is participating in a Dutch auction. If he values the item being auctioned at $5,500 and there are 5 bidders in total, what should Robert's optimal bidding strategy be?
What will be an ideal response?
Economics
In a closed economy
A) I = Y - C - G. B) I = Y + C - G. C) I = Y + C + G. D) I = Y - C + G.
Economics
U.S. imports are goods that are
a. produced in other countries b. consumed in other countries c. sold in other countries d. produced in the U.S. e. exported from the U.S.
Economics
An example of physical capital is:
A. a construction worker's strength. B. a scientist's knowledge of cellular biology. C. Both of these are examples of physical capital. D. Neither of these is an example of physical capital.
Economics