Which of the following is the best example of what happens when an equilibrium point is reached?
A. A store that sells its televisions for $999 lowers its price to 899
B. All the stores in a city are selling a certain model of television for 899$
C. some customers decide $899 is too high ad buiy a lower-cost television
D. The number of tellevision available at $899 is the same as the number of sales
Ans: D. The number of tellevision available at $899 is the same as the number of sales
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The average person spends _________ of waking hours in some form of communication
a. 10 b. 20 c. 70 d. 90
Which of the following does not correctly characterize modern economic growth?
A. It spread slowly across the globe, with some societies not having experienced it yet B. It has occurred only in the last 200 or so years C. It drastically alters the culture and politics of society D. It has not affected the average lifespan of human beings