According to Say's law,
A) the demand curve is negatively sloped.
B) the supply curve is positively sloped.
C) supply creates its own demand.
D) economic units should produce those goods for which they are low-opportunity-cost producers.
C
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Real GDP is not a perfect measure of economic well-being because it excludes the value of all of the following except:
A. goods and services produced in the underground economy. B. goods and services available in the market economy. C. leisure time. D. nonmarket economic activity.
From 2001 to 2015, the debt—GDP ratio in the United States
A) steadily fell. B) steadily increased. C) was about constant. D) fell from 1995 to 1998, then rose sharply.
The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for non-dairy coffee creamer after severe weather destroys a large portion of the coffee crop?
A) Graph A B) Graph B C) Graph C D) Graph D
? In 2005, the percentages of mortgages that were considered sub-prime:
a. increased dramatically.
b. increased minimally
c. decreased minimally.
d. decreased dramatically.