If the x-axis variable increases while the y-axis variable decreases, the variables x and y are negatively related
Indicate whether the statement is true or false
TRUE
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One of the difficulties of the government privatizing a common resource is:
A. compounded the more users there are. B. deciding which individuals will have to decrease their consumption. C. figuring out who owns what when many are using the resource. D. All of these statements are true.
A macroeconomic policy action will have a longer-term effect on aggregate demand if people
A. have habit formation in consumption. B. have rational expectations. C. have rational inattention. D. update the way they make decisions frequently.
Which of the following will increase the supply of a good?
a. An increase in the price of another good that producers could produce. b. A lower price paid for resources used in the production of the good. c. A decrease in the number of sellers. d. An increase in taxes paid to the government by producers.
When a park is funded by visitors but not by taxpayers in general,
a. there will be too few parks because most people will not pay to use a park. b. visitors will be better served because poor service would lead to reductions in revenues. c. park budgets will decline. d. park quality will decline.