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