An economist might be hired to answer which of the following questions?
a. What will the price of oil be next year?
b. Why is the median income of women about half the median income of men?
c. How much will interest rates change as the federal deficit decreases?
d. How much will inflation change if import restrictions are imposed?
e. All of the above are correct.
e
Economics
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If a person's indifference curves can be represented as a straight line, the person views the goods as
a. perfect substitutes b. perfect complements c. complements (but not perfect) d. substitutes (but not perfect)
Economics
Ceteris paribus is the same as rise / run.
Answer the following statement true (T) or false (F)
Economics