In which location are ginseng plants most likely to be harvested to extinction?
a. in a patrolled area of a state park
b. on a privately-owned ginseng farm
c. in the middle of a deserted public park
d. in the botanical gardens of a university
c. in the middle of a deserted public park
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The graph shown best represents:
A. a market for an inferior good. B. a non-binding price floor. C. a non-binding price ceiling. D. a missing market.
Who makes the first push in the big-push strategy?
a. consumers b. entrepreneurs c. foreigners d. workers e. government
If the MPC = 1.0, then MPS must be _____ and the income multiplier is
a. 0; infinite b. 0; 0 c. 10; 10 d. 100; 0 e. 1; 10
When economists refer to the economy's self-correcting mechanism, they are referring to the fact that the
a. economy will react automatically to a recessionary gap through inflation. b. economy will react automatically to an inflationary gap through deflation. c. economy will react automatically to an inflationary gap through inflation. d. simple multiplier is greater than the complex multiplier.