The point where both x and y are zero is known as the
a. origin.
b. null.
c. zero coordinate.
d. center.
a
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The game in the figure shown is a version of:
A. the prisoner's dilemma.
B. the first-mover advantage.
C. a sequential game.
D. a repeated game.
In a simple grass-mowing business, the lawn mower and the labor would be
A. outputs. B. production. C. profits. D. inputs.
Related to the Economics in Practice on p. 79: If the supply of generators increases and the demand for generators increases, the equilibrium price for generators ________ and the equilibrium quantity of generators ________.
A. may increase; decrease, or stay the same; may increase, decrease, or stay the same B. will increase; may increase, decrease, or stay the same C. will increase; will decrease D. may increase, decrease, or stay the same; will increase
The alternative quantities demanded for a given time period at different possible prices is known as
A) absolute demand. B) a demand schedule. C) real demand. D) constant demand.