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Author Question: The economizing process (choosing from among alternatives to maximize benefits) A) applies only ... (Read 79 times)

appyboo

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on: Jun 29, 2018
The economizing process (choosing from among alternatives to maximize benefits)
 
  A) applies only to consumers.
  B) applies only to privately-owned firms.
  C) applies only to producers.
  D) is the same for producers as it is for consumers.

Question 2

If oil prices increase, then in the short run, real GDP will ________ and the price level will ________.
 
  A) increase; rise
  B) increase; fall
  C) decrease; rise
  D) decrease; fall
  E) not change; rise


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blazinlyss

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


appyboo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ghepp

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Reply 3 on: Yesterday
Excellent

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