If there is overproduction in a competitive market, ________ will increase if the quantity produced ________ to the equilibrium quantity.
A) deadweight loss; increases
B) deadweight loss; decreases
C) total surplus; decreases
D) total surplus; increases
C) total surplus; decreases
You might also like to view...
In the ranked society of Palau, the gods __________.
A) have little to do with human actions B) are not thought to be permanent, but may die and be born again, like the clans themselves C) are associated with different clans and are ranked similarly to the clans D) are all considered of equal power
A theatre audience differs fundamentally from a television audience in it’s:
a. degree of groupness b. size c. ability to influence performance d. social class e. all of the above
The greenhouse effect is a natural phenomenon that keeps the earth's surface warm. Without greenhouse gases-water vapor, carbon dioxide, methane, nitrous oxide, halocarbons, and ozone-life as we know it wouldn't exist. The current problem is that
A. global warming actually benefits 90 percent of the world's population, so it is difficult to mobilize the will to address the anthropogenic causes of climate change. B. the atmospheric concentration of greenhouse gases has reached its highest level in 400,000 years and will continue to rise, as will global temperatures, without actions to slow it down. C. it is difficult to distinguish between climate change and global warming. D. scientists cannot agree on a general model of how the greenhouse effect went from being a positive to a negative and a life-threatening force. E. most scientists dispute the anthropogenic reasoning for high concentrations of greenhouse gases.
What kind of social unit is common among foragers?
A. Tribe B. Chiefdom C. Segmentary lineage D. State E. Band