Refer to Figure 3.1. If Marge and Homer both deny committing the crime, what is Marge's payout?
A) 1 year
B) 2 years
C) 7 years
D) 15 years
B
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List the three decisions that households face in the labor market
What will be an ideal response?
Refer to Table 11.1. What is the value of personal consumption expenditures?
A) $3,000. B) $1,000. C) $4,350. D) $2,350.
Suppose the government imposes a small carbon tax on automakers. But the price of gasoline has doubled due to a Middle East crisis which has reduced oil production. In the market for autos, these changes mean that supply and demand have both changed with the effect on the demand larger than the effect on the supply. The result is that the price of autos will ________ and the number of autos sold will ________
Fill in the blank(s) with correct word.
The quantity supplied of any good, service, or resource is the amount that people are willing and able to ____ during a specified period and at a specified ____. Question 5 options:
A. buy; quantity B. both buy and sell; price C. buy; price D. sell; price F. sell; quantity