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Author Question: Which economy managed to eliminate economic profits and losses? A) Socialist Cuba B) Socialist ... (Read 102 times)

laurencescou

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on: Jun 29, 2018
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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AngeliqueG

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

E

Answer to Question 2

A


laurencescou

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Reply #2 on: Jun 29, 2018
Thank you :)


AngeliqueG

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Reply #3 on: Jun 29, 2018
Happy to help you


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