Figure 9.6In Figure 9.6 if price is P3, then the industry will:
A. expand.
B. contract.
C. stay the same size.
D. cease to exist.
Answer: A
Economics
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Which of the following is true?
A) The real interest rate is always positive. B) The nominal interest rate is usually negative. C) The real interest rate can be negative. D) The real interest rate can never be zero. E) The nominal interest rate is usually less than the real interest rate.
Economics
An example of a social insurance program is ____________, whereas an example of a public assistance program is _______
A. Temporary Assistance for Needy Families; unemployment compensation B. Supplemental Security Income; unemployment compensation C. Social Security; Supplemental Nutrition Assistance Program D. Medicaid; Medicare
Economics