Economic freedom means that
A) some goods and services are free.
B) firms are regulated by the government.
C) people are able to make personal choices and their property is protected.
D) the nation's government is a democracy.
E) the rule of law does not apply.
Question 2
Peanut butter and jelly are complements for many consumers. Consider the market for peanut butter. If there is an increase in the price of jelly,
A) there is a shift in the supply curve for jelly.
B) the price of peanut butter rises.
C) the quantity of peanut butter increases.
D) the demand curve for peanut butter does not shift; instead there is a movement along it.
E) there is a movement along the supply curve of peanut butter.
Free energy diagrams for the simple reaction A ----> B
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