If parking is a very scarce commodity on your campus, but a parking lot with bus service is available at a distant location for no charge, what policy would you recommend to the president to increase the student use of this distant, but "free," lot?
If the price of close-in parking increases, some students will start to park at the distant lot.
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
A currency that is pegged to another currency is usually changed on a supply-and-demand basis.
a. true b. false
Refer to the graph shown. A quantity restriction of QR will:
A. create excess demand represented by Q2 ? QR. B. reduce quantity supplied to Q2. C. reduce quantity supplied to QR. D. have no effect on quantity supplied.
An economic principle that explains why people pursue different occupations is
A) absolute advantage. B) international trade. C) comparative advantage. D) NAFTA.