The degree of inequality in the distribution of income in an economy is depicted in a(n):

You notice that when interest rates increases, new residential housing prices tend to decrease. This observation indicates that

A) there must be false causality between interest rates and housing prices. B) higher interest rates must cause low housing prices. C) a scatter diagram between interest rates and housing prices will show a negative relationshi

A price-taking firm can exert no control over price because

A. no other firms make a product that is nearly identical to its product. B. the firm's individual production is insignificant relative to total production in the industry. C. of a lack of substitutes for the product. D. the firm's demand curve is downward sloping.