The demand curve shows a(n) ________ relationship between price and quantity and is therefore ________ sloping
A) direct; downward
B) direct; upward
C) inverse; downward
D) inverse; upward
C
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The intersection of the aggregate demand and aggregate supply curves determines the ________.
A. equilibrium level of real domestic output and prices B. per-unit cost of production in the economy C. shape of the aggregate demand curve D. productivity level in the economy
The early U.S. canals and railroads were built by private enterprise without the aid of governments
Indicate whether the statement is true or false
Pollution from the U.S. Middle West may not only harm New England and Canada, it may extend to cause harm to the entire solar system
Indicate whether the statement is true or false
Approximately what percentage of the world's extinct species became extinct before humans appeared on earth?
A) 1 percent B) 10 percent C) 20 percent D) more than 99 percent