Usury laws interfere with the _____________________.
Fill in the blank(s) with the appropriate word(s).
price mechanism, or the law of supply and demand
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The total of all planned production for the entire economy is known as
A) aggregate inflation. B) aggregate supply. C) aggregate expenditures. D) aggregate demand.
Just before Valentine's Day, the price of roses increases dramatically. This is because
a. self-interested individuals try to charge more for a good than consumers are willing to pay. b. demand increases while the supply of roses remains relatively constant. c. the supply curve of roses is highly elastic. d. the demand for roses is relatively inelastic most of the year, but becomes more elastic as demand increases.
The production possibility table below is for growing broccoli and asparagus in a 320-square-foot garden in one season.Production PossibilityBroccoliAsparagus30020181026030 Which curve on the graph on the right corresponds to this table?
A. I B. II C. III D. IV
If income is distributed equally in a society, the poorest fifth of the population receives
A. 5 percent of the total income. B. one-fifth as much as the richest fifth of the population. C. 20 percent of society’s total income. D. 50 percent of society’s total income.