Say's law states that
A. supply will usually be greater than demand.
B. supply and demand are never equal.
C. supply creates its own demand.
D. demand may be greater than supply.
Answer: C
Economics
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Labor productivity is
a. real GDP per hour of labor times the number of people. b. real GDP per hour of labor. c. real GDP per hour of labor times the hours of work. d. the rate of change in real GDP per hour of labor.
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Pineapple growing is a perfectly competitive industry. How does the market demand curve for pineapples compare to the demand curve for an individual pineapple grower?
What will be an ideal response?
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