If the quantity of a good exchanged decreased,
a. It would also increase the price if it was caused by a shift in demand.
b. It would also increase the price if it was caused by a shift in supply
c. It would always decrease the price as well.
d. None of the above would be true.
d
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The sum of internal and external costs is
A) externalities. B) social costs. C) internalities. D) private costs.
The statement, "John buys more of good X as his income increases, Ceteris paribus," means:
a. John's income is being held constant. b. John's purchases of good X are being held constant. c. John's income and purchases of this good are being held constant. d. the price of this good is being allowed to change.
The employment/population ratio _____ between 1980 and 2000, but this ratio has _______ since 2000 . (fill in the blanks)
a. fell; risen b. was virtually constant; risen c. rose; been virtually constant d. rose; fallen
According to studies using international data, an increase in the saving rate
a. does not increase the growth rate of output. b. increases the growth rate of output for a few years. c. increases the growth rate of output for about a decade. d. increases the growth rate of output for several decades.