Economics

Refer to the above figure. An external benefit exists. The amount of that benefit is represented by ...

Started by TFauchery

Suppose the price of lumber decreases. In the market for new homes, we would expect which of the ...

Started by crazycityslicker

Does economic growth have any negative side effects? A) No. Every person in a nation experiencing ...

Started by plus1

A map is an example of a model because a map A) realistically describes an area. B) is always as ...

Started by D2AR0N

Briefly explain the concept of opportunity cost. What is the opportunity cost of attending college? ...

Started by dollx

If the demand for a product remains the same and the supply falls, A) the market clearing price ...

Started by AEWBW

Graphically, the presence of an external cost that is ignored by producers can be shown as A) a ...

Started by appyboo

State and local governments receive most of their revenue from A) sales and excise taxes, revenue ...

Started by EAugust

If one day it was discovered that lime juice caused cancer, which of the following would likely ...

Started by danielfitts88

The term ceteris paribus means A) the greatest good for all. B) the study of scarcity and ...

Started by LaDunn

How are scarcity, choice, and opportunity cost related? What will be an ideal ...

Started by cabate

Two goods are substitutes when A) an increase in the price of one reduces the demand for the ...

Started by Beheh

According to the classical economists, actual real GDP A) always equals actual aggregate income. ...

Started by dejastew

All of the following are ways that the government can correct for positive externalities EXCEPT ...

Started by charchew

In order to study how changing price affects consumer decisions, we must assume all other factors, ...

Started by pane00

Distinguishing between stock measures and flow measures, the flow measures are A) the labor force ...

Started by ishan

What are the two features of money that distinguish it from all other goods in the economy? A) ...

Started by bobbysung

Suppose you order a slice of pepperoni pizza and a soda at a shopping mall food court. What are ...

Started by SGallaher96

The concept that producing goods and services generates the means and the willingness to purchase ...

Started by biggirl4568

It is not uncommon for people to say something like, If we can put someone on the moon we should be ...

Started by mikaylakyoung

Suppose the population of El Campo is 120,000. Of the population 16 years and older, 50,000 are ...

Started by james

The three possible sources of government funding include A) explicit fees, taxes, and borrowing. ...

Started by jwb375

If the price of butter increases, the demand for margarine A) will be unchanged. B) will shift ...

Started by hbsimmons88

The ceteris paribus assumption is important in economics because A) all empirical data are equal. ...

Started by ashley

Both an NBA basketball player and a fast-food cook are going to graduate school. Who has a higher ...

Started by meagbuch