When dealing with anything that is measured as a flow, one must
A. make sure the thing can be measured accurately.
B. use dollar values.
C. specify a time period.
D. specify one day in time.
Answer: C
Economics
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What best describes the impact of the cotton gin?
a. A decrease in the price and an increase in the quantity of cotton. b. An increase in the price and a decrease in the quantity of cotton. c. Decreases in both the price and quantity of cotton. d. Increases in both the price and quantity of cotton.
Economics
Which of the following would indicate the beginning of a recessionary phase in an economy?
a. Many new firms starting up b. Stock prices improving c. Businesses slowing down d. Demand for real estate picking up e. Orders for new equipment increasing
Economics