A demand curve for flowers would show the
a. number of flowers the floral shop is willing to sell at various prices.
b. number of people who need flowers.
c. quantity of people who want to buy these flowers.
d. number of flowers that will be purchased at various prices.
D
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Refer to Game Matrix I. The only outcome in this game that is not Pareto optimal is
a. the upper left-hand corner.
b. the upper right-hand corner.
c. the lower left-hand corner.
d. the lower right-hand corner.
The price paid by buyers in a market will decrease if the government
a. imposes a binding price floor in that market. b. increases a binding price ceiling in that market. c. increases a tax on the good sold in that market. d. decreases a binding price floor in that market.
An increase in U.S. real interest rates causes the dollar to _________________, which tends to __________________ U.S. Real GDP
A) appreciate; raise B) appreciate; lower C) depreciate; raise D) depreciate; lower
The basic conservative solution to welfare dependency is
A. forcing people off welfare. B. government jobs. C. ending immigration. D. identical to the liberal solution.