A change in relative factor prices will always result in
A) a change in the slope of the isoquants.
B) a tangency between the new isocost line and a new isoquant.
C) a rotation of the isocost lines.
D) All of the above.
C
Economics
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If total spending is greater than the value of output, firms will
A. cut prices. B. decrease production levels. C. tend to raise prices. D. see inventories rise.
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Many economists believe that the difference between savings accounts and checking accounts is disappearing.
Answer the following statement true (T) or false (F)
Economics