The law of supply states that other things remaining the same, the ________ the price of a good, the __________.
Fill in the blank(s) with the appropriate word(s).
Answer: higher; greater is the quantity supplies
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The IMF lends at low interest rates and without preconditions
Indicate whether the statement is true or false
Charter schools generally receive more funding than traditional public schools
a. True b. False
Adam Smith's book, The Wealth of Nations, was published at the time of the:
a. War of 1812 b. U.S. Declaration of Independence. c. U.S. Civil War. d. Great Depression.
If you must make a choice about consuming two apples, three oranges, or one candy bar, the opportunity cost of the candy bar is:
a. two apples. b. three oranges. c. two apples and three oranges. d. two apples or three oranges, whichever you prefer more. e. equal to the difference in the prices of the three options.