A price control always benefits consumers
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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According to the quantity theory of money, changes in the price level are primarily the result of changes in the:
A. quantity of money. B. total output. C. unemployment rate. D. rate of spending.
Economics
The principle that individuals and firms pick the activity level where the incremental benefit of that activity equals the incremental cost of that activity is known as the:
A. marginal principle. B. principle of opportunity cost. C. principle of diminishing returns. D. spillover principle.
Economics