In the United States, government is the sole property owner of:
A. labor.
B. knowledge.
C. land.
D. air.
Answer: D
Economics
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An increase in labor productivity relates to
A) working harder over time. B) working longer over time. C) producing the same output with fewer labor hours. D) producing the same output with more labor hours.
Economics
In order to prove that Coca Cola and 7-Up are substitutes, one should test the __________ and get a __________
a. price elasticity of demand; number less than negative 1 b. income elasticity; positive number c. cross-price elasticity; negative number d. price elasticity of demand; number greater than negative 1 e. cross-price elasticity; positive number
Economics