Author Question: The distribution of income should be determined by the government is an example of a positive ... (Read 30 times)

Starlight

  • Hero Member
  • *****
  • Posts: 567
The distribution of income should be determined by the government is an example of a positive economic statement.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 3-5. In a free market such as that depicted above, a shortage is eliminated by
 
  A) a price decrease, decreasing the supply and increasing the demand.
  B) a price increase, increasing the quantity supplied and decreasing the quantity demanded.
  C) a price increase, increasing the supply and decreasing the demand.
  D) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.


rekilledagain

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

FALSE

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

For a complete list of videos, visit our video library