Among the factors that might lead to a divergence from the path of prices for a depletable resource predicted by the economic models are: (i) unexpected discoveries of new reserves; (ii) new technologies which reduce extraction costs
a. i and ii
b. i but not ii
c. ii but not i
d. neither i nor ii
a
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Activists believe that ________
A) frictions to the self-correcting mechanism of markets prevent prices and wages from being very flexible B) it takes a very long time to reach the long run C) Keynes was right with his statement "in the long-run, we are all dead" D) all of the above E) none of the above
________ passed the world's first anti-corruption law.
A) The United States B) The European Union C) Canada D) Brazil
An example of "cream skimming" is when:
a. a firm charges the same price to all consumers, even though costs for some are higher b. a firm offers a reduced price to the best-paying customers of their competitors c. a firm offers a reduction in price on a package sale of two items d. none of these
Conservatives usually favor increasing government spending to increase aggregate demand
a. True b. False Indicate whether the statement is true or false