Economics

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Subject / Started by	Replies / Views	Last post
The sum of public spending on goods and services and transfer payments during a given period cannot ... Started by DyllonKazuo	1 Replies 45 Views	Jun 29, 2018 by chem1s3
A friend says, I really, really need a new car. As an economist, you're thinking A) Right ... Started by Pea0909berry	1 Replies 29 Views	Jun 29, 2018 by cloud
When there are too few or too many resources going to an economic activity A) a public good ... Started by joblessjake	1 Replies 37 Views	Jun 29, 2018 by juiceman1987
Why is it that all of our wants cannot be satisfied? A) because of shortages B) because we ... Started by asan beg	1 Replies 47 Views	Jun 29, 2018 by Missbam101
Consider the following: The relative price of hamburgers this year has A) increased. B) ... Started by ec501234	1 Replies 72 Views	Jun 29, 2018 by Mholman93
The price system allocates resources efficiently EXCEPT when A) consumers decide they want more ... Started by gbarreiro	1 Replies 52 Views	Jun 29, 2018 by connor417
With respect to the market clearing price and the equilibrium quantity for good X, an increase in ... Started by RRMR	1 Replies 100 Views	Jun 29, 2018 by nital
Total market demand can be calculated by A) horizontally summing individual demand curves at each ... Started by tnt_battle	3 Replies 91 Views	Jun 29, 2018 by mariahkathleeen
When market failures occur A) the invisible hand will correct for the market failures. B) the ... Started by eruditmonkey@yahoo.com	1 Replies 70 Views	Jun 29, 2018 by mbcrismon
Of the following, which is the largest source of government funds in the long run? A) government ... Started by Sufayan.ah	1 Replies 61 Views	Jun 29, 2018 by cloudre37
Central planning is a key characteristic of which economic system? A) free market B) price ... Started by renzo156	1 Replies 65 Views	Jun 29, 2018 by qytan
Market failures occur when A) externalities exist. B) economic efficiency increases. C) there ... Started by littleanan	1 Replies 79 Views	Jun 29, 2018 by adammoses97
The law of demand shows that there is A) an inverse relationship between price and profit. B) an ... Started by casperchen82	1 Replies 43 Views	Jun 29, 2018 by heinisk01
Economists are concerned with an individual's A) needs because needs represent the most important ... Started by krzymel	1 Replies 19 Views	Jun 29, 2018 by olivia_paige29
In a market system, the what, how and for whom questions in economics are determined by A) those ... Started by Metfan725	1 Replies 16 Views	Jun 29, 2018 by snackralk
To an economist, the term needs A) means the purchase of necessary goods. B) is objectively ... Started by 123654777	3 Replies 29 Views	Jun 29, 2018 by johnpizzaz
The demand curve shows the relationship between quantity demanded and A) income. B) price. C) ... Started by sdfghj	1 Replies 71 Views	Jun 29, 2018 by abctaiwan
Suppose the price of cheese rises. In the market for pizza, one would expect that A) the supply ... Started by kfurse	1 Replies 63 Views	Jun 29, 2018 by makaylafy
An example of a market failure is A) a firm is dumping toxic waste that is making people sick. ... Started by Marty	1 Replies 41 Views	Jun 29, 2018 by karmakat49
Wants as an economic concept includes A) both material and nonmaterial desires. B) only the ... Started by BRWH	1 Replies 22 Views	Jun 29, 2018 by poopface
The prices of certain goods, such as ice and gasoline, often increase after a natural disaster such ... Started by hbsimmons88	1 Replies 22 Views	Jun 29, 2018 by ambernicolefink
The United States is best known as a A) pure price system. B) dictatorship. C) command and ... Started by khang	1 Replies 158 Views	Jun 29, 2018 by Alyson.hiatt@yahoo.com
People often complain about price gouging after a disaster such as a hurricane. Suppose the ... Started by cabate	1 Replies 24 Views	Jun 29, 2018 by akemokai
Briefly explain the difference between the concepts of scarcity and shortage. What will be an ... Started by j.rubin	3 Replies 85 Views	Jun 29, 2018 by tmlewis4706
A mixed economic system is best described as an economy with a mix of A) state and federal ... Started by chads108	1 Replies 65 Views	Jun 29, 2018 by ilianabrrr

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