In the figure above, which of the following represents a real flow of a factor of production?
A) Labor
B) Wages
C) Goods bought
D) Services sold
E) Firms' expenditures on factors of production
A
Economics
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If the profit effect and misperception effect existed in both the short run and the long run, then SRAS is ____ and LRAS is ____
a. upward sloping; upward sloping b. upward sloping: vertical c. vertical; upward sloping d. vertical; vertical
Economics
The "universal service" argument often requires that some products be sold at a loss while other products be sold at profits higher than normal
a. True b. False Indicate whether the statement is true or false
Economics