Students can change the direction of the greater society through volunteering and other forms of involvement. They are also subject to the greater economy and environment. In the 1990s, college students, for the most part:
a. Enjoyed a strong economy with multiple job choices and a technology explosion.
b. Flooded into social work and helping others professions
c. Questioned authority and dealt with years of unrest and change
d. Conformed and were very conservative, held traditional values
A
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Increase in price of a good will increase consumers' demand. This is a(n)
A) positive statement. B) true statement. C) inverse statement. D) normative statement.
Refer to the above table. Assuming constant opportunity costs
A) neither country will be willing to engage in trade at any rate of exchange of product A for product B. B) both countries will be willing to engage in trade at a rate of exchange of 0.3 unit of product A for 1 unit of product B. C) both countries will be willing to engage in trade at a rate of exchange of 3 units of product A for 1 unit of product B. D) both countries will be willing to engage in trade at a rate of exchange of 1.5 unit of product A for 1 unit of product B.
Which of the following is an advantage of a sole proprietorship?
a. the ability to pool resources b. limited liability c. double tax exemption of the firm's earnings d. ease of organization e. ease of raising funds
When consumers are willing to buy more than producers are willing to sell:
A. there is excess supply of the product in the market. B. there is excess demand for the product in the market. C. the market is in equilibrium. D. the demand curve will shift until the quantity supplied equals the quantity demanded.