One way that governments can improve market outcomes is to ensure that individuals are able to own and exercise control over their scarce resources
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The strength of the demand for a resource depends on the following factors, except:
A. Supply of the resource B. Productivity of the resource C. Price of the product the resource helps to produce D. Demand for the product the resource helps to produce
Economics
If workers received a 5 percent wage increase and the rate of inflation was 10 percent, then their real wage:
A. decreased. B. remained constant. C. increased. D. equaled the nominal wage.
Economics