The study of how people deal with energy scarcity is known as:
A. power economics.
B. utility economics.
C. energy economics.
D. natural resource economics.
Answer: C. energy economics.
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Common American re-exports of the Napoleonic War period included all of the following except:
a. cotton. b. sugar. c. coffee. d. spices.
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars Sold Trucks SoldLarry105Joe99Ralph312Based on last month's data, Joe's opportunity cost of selling a car is ________ than Ralph's, and Joe's opportunity cost of selling a car is ________ than Larry's.
A. greater; greater B. less; greater C. less; less D. greater; less
_______ will not cause a shift of the AS curve in a Keynesian framework.
a. Prices of inputs b. Changes in input prices c. Changes in output prices d. Changes in inputs
The 45-degree reference line indicates all points at which
A) planned real saving and planned real investment are equal. B) planned real saving and planned real saving are equal. C) planned real consumption expenditures and real GDP are equal. D) planned real consumption expenditures and planned real saving are equal.