Based on what happened at the Richmond? event, it is apparent that at a price of? $50, the quantity? _________ of laptops exceeded the quantity? _________. This resulted in an excess? _________ for laptops.
A. demanded; supplied; supply
B. demanded; supplied; demand
C. supplied; demanded; demand
D. supplied; demanded; supply
B. demanded; supplied; demand
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What does it mean if an industry has external diseconomies?
What will be an ideal response?
A good generalization about developing countries is
a. savings rates are low b. investment rates are low c. exports are mostly food and raw materials d. population growth rates are high e. none of the above
If the country of Heehee makes the transition from central planning to a market economy in a matter of months, it is an example of the big-bang approach
a. True b. False
A decrease in the price of pizza will lead to a(n):
A. increase in the demand for pizza. B. decrease in the number of consumers. C. decrease in the quantity of pizza demanded. D. increase in the quantity of pizza demanded.