The demand curve shows the relationship between quantity demanded and
A. supply.
B. price.
C. quantity supplied.
D. income.
Answer: B
Economics
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The? self-interest theory of government explains why many states have limits on
A. taxes and government spending. B. the number of times politicians can be? re-elected. C. the number of people who can be? free-riders. D. all of the above
Economics
To bypass capital controls, people who need foreign currency sometimes resort to:
a. forward foreign exchange markets. b. stock markets. c. black markets. d. farmers markets.
Economics
The demand for firewood is likely to be more elastic in the summer than in the winter
Indicate whether the statement is true or false
Economics
When a consumer is able and willing to buy a good or service, s/he creates ____________ .
a. consumption b. demand c. elasticity d. allocation
Economics