Rolls Royce may actually sell fewer cars at lower prices due to the "snob effect."
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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According to the functional distribution of income, in the United States
A) capital earns most of the income. B) labor earns most of the income. C) land earns most of the income. D) entrepreneurs earned most of the income. E) the income earned by capital and labor are approximately equal.
Economics
Money eliminates the need for
A) any government role in the economy. B) specialization. C) people to have a double coincidence of wants. D) the market system.
Economics