The slope of a line with rise of five and run of two is positive
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following correctly describes incentives?
A) Incentives refer to the maximum price that a buyer is willing to pay for a good. B) Incentives are rewards or penalties that motivate people to behave in a particular way. C) Incentives are prices that are fixed by the government and not by market forces. D) Incentives refer to the minimum price at which a seller is willing to sell a product.
If the unemployment rate rises, which policies would both be appropriate to reduce it?
a. increase taxes, increase government spending b. increase taxes, decrease government spending c. decrease taxes, increase government spending d. decrease taxes, decrease government spending
Refer to the graph above. If the price decreases from P3 to P2, then the loss in total revenue is areas:
A. B + E and the gain in total revenue is areas H + I. B. A + B + C + D and the gain in total revenue is areas E + F + G. C. H + I and the gain in total revenue is areas A + B + C. D. E + F + G and the gain in total revenue is areas H + I + J.
All of the following are factors that will change demand and shift the demand curve, EXCEPT Question 20 options:
A. the price of the good itself. B. preferences. C. income. D. the prices of related goods.