The recovery phase of the business cycle is _____ followed by the prosperity phase.
A. never
B. sometimes
C. usually
D. always
D. always
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When graphing a demand curve for corn, we are showing the relationship between the quantity demanded of corn and the
A) money price of corn. B) relative price of corn. C) income effect. D) substitution effect.
If Taiwanese workers can produce all goods at lower wages than American workers, then
a. Americans can still gain by trading with Taiwan. b. Americans can only lose if they import from Taiwan. c. Taiwan can only lose if it trades with America. d. there are no gains from trade that are possible in this case. e. Americans should be self-sufficient.
Assume that an individual consumes two goods, X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other goods. The prices of X and Y are, respectively, $5 and $10. 
Given the above, if the consumer buys the third unit of Y,
A. the marginal utility of the third unit is 950 units of satisfaction. B. the marginal utility per dollar spent on Y is 20. C. the marginal utility per dollar spent on Y is 200. D. both a and b.
Other things being equal, an increase in the prices of portable power banks leads to a decrease in the amount portable power banks that people purchase. This is known as
A) the law of demand. B) the law of supply. C) ceteris paribus. D) equilibrium.