« previous next »

Author Question: We can experience a shortage of any good or service if A) the price of using it is too high. B) ... (Read 67 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
We can experience a shortage of any good or service if
 
  A) the price of using it is too high.
  B) the price of using it is too low.
  C) people demand more than they need.
  D) if people need more than they demand.

Question 2

This year Gus purchased a used 1972 vehicle from Wee-Rob-U Auto Sales. The dealer paid 500 for it yesterday, and sold it to Gus for 3500. In principle, what happens to GDP?
 
  A) Nothing, because the vehicle was already accounted for in 1972.
  B) Nothing, because Gus was ripped off.
  C) It increases by 3000.
  D) It increases by 3,500.
  E) It increases by 6,500.


bblaney

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

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?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Striking examples where high surface area releases heat. Striking examples where high surface area releases heat.
The medical assisting profession offers many settings in which to pursue your career. Good communica The medical assisting profession offers many settings in which to pursue your career. Good communica
Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ... Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ...
The primary ignition system is used to trigger and therefore create the secondary (high-voltage) ... The primary ignition system is used to trigger and therefore create the secondary (high-voltage) ...
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
Good alignment for sitting posture. Good alignment for sitting posture.
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library