Why have commodity prices fallen since 1850?
A. The demand for productive resources has fallen faster than the supply of those resources.
B. The demand for productive resources has grown faster than the supply of those resources.
C. The supply of productive resources has increased, while the demand has fallen.
D. The supply of productive resources has grown faster than the demand for those resources.
Answer: D
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The U.S. government has two different methods to deal with illegal drug use. First, the government has tried a "war on drugs", with the idea of keeping illegal drugs out of the country
Second, the "Just say no" campaign has been used to make individuals more aware of the harmful effects of drugs. Use supply and demand to analyze the effects of these two separate policies.
If a commodity's price is above its marginal cost, the market will tend to produce too much of the good
a. True b. False Indicate whether the statement is true or false
Gross Domestic Product is the
a. least inclusive aggregate used to measure the economy. b. total of goods and services desired by consumers. c. most comprehensive measure of total output in the United States. d. most accurate measure of the trade balance of the United States.
Explain the possible benefits of labor unions.
What will be an ideal response?