Use the following diagram for the corn market to answer the question below. 
If the price in this market is fixed at $2 per bushel, then
A. buyers will find too much corn in the market.
B. buyers will be able to get as much corn as they wish to buy.
C. sellers will not be able to sell all the corn that they intended to sell.
D. sellers will quickly run out of corn that they bring to market.
Answer: D
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If one day it was discovered that lime juice caused cancer, which of the following would likely result?
A) The supply curve for lime juice would shift to the right. B) The supply curve for lime juice would shift to the left. C) The demand curve for lime juice would shift to the right. D) The demand curve for lime juice would shift to the left.
Which of the following statements represents a correct and sequentially accurate economic explanation?
A) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y rises. B) Goods X and Y are substitutes. The price of X rises, the demand for X falls, and the demand for Y rises. C) Goods X and Y are substitutes. The price of X falls, the demand for X rises, and the quantity demanded of Y rises. D) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y falls. E) Goods X and Y are complements. The price of X falls, the quantity demanded of X rises, and the demand for Y falls.
The ceteris paribus assumption is employed in economic analysis, in order to:
A. State economic goals B. Simplify the complex world C. Evaluate an economic system D. Approximate real-world conditions
Over the past decade, total and per capita trash generated in the United States have:
A. both increased at about the same rate. B. increased and leveled off, respectively. C. both fallen. D. leveled off and fallen, respectively.