Nations with a command economy are known for having many entrepreneurs.
a. true
b. false
Ans: b. false
Economics
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In the self-correcting AD-AS model, a point where the economy's long-run AS curve, short-run AS curve, and AD curve all intersect at a single point represents a point where: a. real GDP is equal to its full-employment level
b. the conditions of short-run equilibrium are fulfilled. c. the conditions of long-run equilibrium are fulfilled. d. all of the above. e. a and c, but not b.
Economics
Which of the following is not an example of a fungible good?
A. Cars B. Wheat C. Gold D. All of these are fungible commodities.
Economics