According to the Application, people in Morocco bring meteorites picked up in the desert to local dealers, who then sell them to the public through Websites
If the Moroccan government decided to intervene in this market by requiring all meteorites be turned over to the government, and then the government decides who is allowed to purchase the meteorites and at what prices, this best describes an example of
A) a market system. B) a barter economy.
C) comparative advantage. D) central planning.
D
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The federal government collects taxes on
A. real capital gains. B. nominal capital gains. C. real capital losses. D. nominal capital losses.
Which of the following events would cause an upward movement along the demand curve for olives? a. The number of people who purchase olives decreases
b. Consumer income decreases, and olives are a normal good. c. The price of pickles decreases, and pickles are a substitute for olives. d. The price of olives rises.
Scientific investigations that have no immediately obvious commercial applications are called
A. nonessential research. B. basic research. C. applied research. D. diffused research.
To decrease the price level the government could
A. adopt policies that discourage immigration and increase government spending. B. adopt policies that encourage immigration and decrease government spending. C. adopt policies that encourage technological advancement and increase government spending. D. adopt policies that discourage technological advancement and decrease government spending.