Economics can be divided into two main branches of study:
a. capitalism and communism
b. capitalism and socialism.
c. demand and supply.
d. microeconomics and macroeconomics.
d
Economics
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The productivity curve
A) has a positive slope. B) has a negative slope. C) is vertical. D) is horizontal. E) is U-shaped.
Economics
Which factor of production includes water?
A) physical capital B) human capital C) land D) entrepreneurship
Economics
A rightward shift in the aggregate demand curve can be caused by an increase in:
A. the price level. B. business investment spending. C. taxes. D. production costs.
Economics
Which of the following will occur if a natural monopoly is broken into two smaller firms?
a. The price will drop. b. Industry output will increase. c. Production costs will increase. d. Industry output will decrease.
Economics