An example of a government policy to provide a framework within which the private sector can operate productively is:
A. government ownership of capital.
B. the suppression of political dissent.
C. maintaining a well-functioning legal system.
D. the taxation of savings.
Answer: C
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After you swallow food, what kind of muscle moves the food toward your stomach?
A. Cardiac B. Skeletal C. Smooth D. Voluntary
Change in the aggregate quantity of goods and services supplied at every price level:
A. change in SRAS B. change in LRAS C. change in SRA quantity of output supplied D. determinant of SRA
One goal of rate-of-return regulation is the prevention of
A) free market entry. B) positive economic profits. C) poor quality service. D) environmental degradation.
When supply and demand for a product decrease simultaneously, we
A) can predict that both equilibrium price and quantity will increase. B) can predict that both equilibrium price and quantity will decrease. C) cannot predict equilibrium price, but know that equilibrium quantity will decrease. D) cannot predict the change in either the equilibrium quantity or equilibrium price.