The laws of supply and demand state that ______.
a. consumers buy more at low prices, and producers produce more at high prices
b. producers produce more at low prices, and consumers buy more at low prices
c. the greater the supply, the greater the demand
d. the lower the supply, the greater the demand
e. people demand what they need, but producers supply what costs the least to produce
a. consumers buy more at low prices, and producers produce more at high prices
You might also like to view...
As required by the __________, federal agencies must follow specific steps in issuing rules and regulations.
A. Administrative Procedure Act B. Freedom of Information Act C. Hatch Act D. Pendleton Act
An advantage of federalism is that it checks the growth of which of the following?
a. violence b. inequality c. wealth d. tyranny
What different types of polls are used by political campaigns and the media during campaigns? What ethical concerns are associated with any of the polls?
What will be an ideal response?
Content items on questionnaires ask about
A) the respondents' ability to understand the content of the questionnaire. B) sex, age, occupation, and family status of the respondent. C) respondents' opinions, attitudes, knowledge, and behavior. D) demographic characteristics of the respondent.