« previous next »

Author Question: The law of supply states that A) producers are legally required to make necessary items available ... (Read 66 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
The law of supply states that
 
  A) producers are legally required to make necessary items available in the marketplace.
  B) there is a positive relationship between price and quantity supplied, ceteris paribus.
  C) producers should only sell the items when the price is right.
  D) producers should only produce what they can sell.

Question 2

Refer to the scenario above. This implies that the country experienced a ________ during that year.
 
  A) trade deficit B) budgetary surplus C) budgetary deficit D) trade surplus


cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

The heavily worn, and sometimes cutmarked, anterior teeth of Neadertals suggest that these teeth wer The heavily worn, and sometimes cutmarked, anterior teeth of Neadertals suggest that these teeth wer
The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c The Canadian ballot is considerably simpler than the American ballot. Note there is nothing like a c
Different types of fog found throughout the United States Different types of fog found throughout the United States
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
How many grams of NO are required to produce 145 g of N2 in the following reaction? 4NH3 + 6NO ... How many grams of NO are required to produce 145 g of N2 in the following reaction? 4NH3 + 6NO ...
Gypsy moths native to Europe and Asia feed on oaks through much of the United States. Gypsy moths native to Europe and Asia feed on oaks through much of the United States.
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library