Using the above table, at a price of $5 there will be a
A. surplus of 20 units.
B. shortage of 20 units.
C. shortage of 10 units.
D. surplus of 10 units.
Answer: A
You might also like to view...
Consider two countries: A and B. Assume that both countries are exactly similar until the year 2000. At the beginning of year 2000, both countries decide to change their strategy for economic growth
Country A plans to encourage immigration and increase human capital in the economy to achieve sustained growth, while Country B decides to make large investments in research and development to achieve sustained growth. Which of the two countries is more likely to experience sustained growth and why?
The transactions approach to measuring money relies on the role of money primarily as a
A) temporary store of value. B) standard of deferred payment. C) unit of account. D) medium of exchange.
Why do school districts sell bonds to the public when they are financing a new school building program rather than sell stock?
What will be an ideal response?
When a government defaults on its obligations, the event is called a
A) sovereign default. B) magisterial default. C) private default. D) sudden stop default. E) national default.