A decrease in both the equilibrium price and the equilibrium quantity of rice is best explained by a(n):
A. decrease in the supply of rice.
B. increase in the demand for rice.
C. decrease in the demand for rice.
D. increase in the supply of rice.
Answer: C
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A swap contract __________ be resold, which is particularly important for the __________ in swaps
A) can; speculator B) can; hedger C) cannot; speculator D) cannot; hedger
Well-being can be increased by:
A. policies that help people do business more efficiently. B. technologies that help people share more and better information. C. increasing the availability of accurate information. D. All of these are true.
The study of how people behave strategically under different circumstances is called:
A. game theory. B. game strategy. C. strategy optimization. D. strategy theory.
Which of the following is most closely associated with positive economics?
a. determining the impact of government spending on the actual level of total employment b. determining the best level of immigration into the country c. determining whether too many luxury goods are being produced d. determining whether the government should reduce poverty e. determining whether the government should alter income taxes in order to increase total employment