Which of the following is a factor of production?
A) a necklace produced by a jewelry manufacturer
B) 50 shares of Google stock
C) the security guard at the local bank
D) $1,000 in casino chips
Answer: C
Economics
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From the quantity equation we find that the rate of inflation is equal by definition to the growth rate of the money supply ________ the growth rate of velocity ________ the growth rate of real GDP
A) plus, plus B) plus, minus C) minus, plus D) minus, minus
Economics
Economies of scale lead to declining long-run average cost curves.
Answer the following statement true (T) or false (F)
Economics