The law of demand implies, holding everything else constant, that as the price of yogurt
A) decreases, the quantity of yogurt demanded will decrease.
B) increases, the demand for yogurt will increase.
C) increases, the quantity of yogurt demanded will decrease.
D) decreases, the demand for yogurt will increase.
C
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The "tragedy of the commons" refers to the phenomenon where
A) there is rivalry in consumption. B) people overuse a common resource. C) people do not internalize an externality. D) individuals are free riders.
The downside (negative aspect) associated with a free and floating exchange rates is that
a. countries appreciate their rates so that the float is only upward b. they depend on trade agreements that can, and have been, broken c. whether they increase or decrease, it takes currency to float the rate d. arbitrage takes advantage of different opportunity costs e. it creates an uncertainty about future rates that can reduce trade
If the cross-price elasticity of demand between two goods is -1.2, then the two goods are:
A. elastically demanded. B. inferior. C. complements. D. substitutes.
Refer to the data provided in Table 11.2 below to answer the following question(s). Table 11.2 
Refer to Table 11.2. If the interest rate is 13%, then the farmer will engage in investment of
A. $500,000. B. $600,000. C. $700,000. D. $1,100,000.