Which economy managed to eliminate economic profits and losses?
A) Socialist Cuba
B) Socialist China
C) Fascist Italy
D) Nazi Germany
E) None of the above.
Question 2
In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. In the current market for peanut butter, the price falls and the quantity decreases.
This set of results means that A) supply decreased by more than demand increased.
B) demand increased by more than supply decreased.
C) demand increased by more than supply increased.
D) supply decreased by more than demand decreased.
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