Economics

An increase in the relative price of a good cannot be caused by A) an increase in the nominal ...

Started by formula1

Economic goods are items that A) are used only by economists. B) provide satisfaction to users. ...

Started by viki

The relative price of a textbook is A) the money price of the textbook divided by the money price ...

Started by cagreen833

An example of a microeconomic decision is a situation in which A) the Federal Reserve considers ...

Started by serike

What is the economic way of thinking, and why is it important? What will be an ideal ...

Started by EY67

Scarcity is A) a situation of shortage after a hurricane. B) a permanent human condition ...

Started by deesands

What is economics and what does it try to explain? What will be an ideal ...

Started by daltonest1984

The accumulated training and education that you have is A) physical capital. B) ...

Started by fahad

Which of the following terms describes the situation in which all resources are able to move to to ...

Started by jenna1

Market failure occurs when A) a good is too expensive for the market to provide. B) an ...

Started by burchfield96

The tasks performed by the chef at your favorite restaurant could be categorized as A) a good. ...

Started by LCritchfi

The government budget constraint implies that A) government borrowings = government spending+ ...

Started by maychende

Is inflation a macroeconomic or a microeconomic question? Why? What will be an ideal ...

Started by penguins

Economic bads are items A) for which the produced quantity is less than the amount desired at a ...

Started by sc00by25

Activities designed to convert resources into goods and services is known as A) supply. B) ...

Started by burton19126

As demand for MP3 music downloads increases, other things being equal, we can expect A) a ...

Started by Kikoku

If both the demand for and the supply of computers are increasing, which of the following statements ...

Started by kaid0807

Over the long run, a government's fundamental source of revenues is A) printing money. B) user ...

Started by Cooldude101

An economic system is A) the universe of all resources. B) a way to create new resources. C) a ...

Started by Evvie72

The statement other things being equal in the law of demand means all of the following remain ...

Started by xroflmao

If demand increases while supply decreases, then the equilibrium price A) always increases. B) ...

Started by newbem

The way that a society uses to allocate resources to satisfy human wants is called A) an economic ...

Started by eruditmonkey@yahoo.com

If demand increases while supply simultaneously decreases, then the equilibrium quantity A) ...

Started by altibaby

The price of one product in terms of another commodity is called its A) relative price. B) money ...

Started by cookcarl

If other factors remain unchanged, technological progress in producing good X definitely will lead ...

Started by RODY.ELKHALIL