Which of the following is true about the relationship between price and quantity supplied?
A) There is always a direct relationship between price and quantity supplied.
B) There is always an inverse relationship between price and quantity supplied.
C) There is usually a direct relationship between price and quantity supplied.
D) There is usually an inverse relationship between price and quantity supplied.
C
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The problem of the commons arises because ________ exceeds ________ when the resource is used
A) marginal social cost; marginal private cost B) marginal private benefit; marginal social benefit C) marginal private benefit; marginal private cost D) marginal private cost; marginal social cost
Forty or so dealers establish a "market" in these securities by standing ready to buy and sell them
A) secondary stocks B) surplus stocks C) U.S. government bonds D) common stocks
When goods or services cross international borders
a. countries must ship gold to make payment. b. money must generally move in the opposite direction. c. a future shipment must be made to offset the current purchase. d. payment must be made in another good, using barter.
According to the Reverend Thomas Malthus
A. population tends to grow until checked by a shortage of food. B. population tends to grow until checked by a shortage of oxygen. C. population tends to grow unless checked by religious or moral restraints. D. economics is a dismal science.