The number of people that are laid off in a month is
A. a stock.
B. a flow.
C. both a stock and a flow.
D. neither a stock nor a flow.
Answer: B
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"A perfectly competitive firm is called a price maker because all the firms together must make the market price." Is the previous statement correct or incorrect? Briefly explain your answer
What will be an ideal response?
Which of the following statements accurately describes pre-1763 British colonial policy?
a. England taxed the colonies extensively, requiring the colonists to pay a substantial portion of the costs of government administration and military protection. b. The Navigation Acts placed a severe economic burden on the colonies, equaling more than 30 percent of colonial income. c. England discouraged western settlements in an effort to reduce conflicts between colonists and Native Americans. d. Colonial laws were not officially in effect until the Privy Council granted its approval. e. All of the above statements accurately describe pre-1763 British colonial policy.