Refer to the figure below. If Good Z is a normal good and consumers' incomes decrease at the same time as the number of suppliers of Good Z decreases and the shift in supply is greater than the shift in demand, the equilibrium price will be ________ than $100 and the equilibrium quantity will be ________ than 100.
A) greater; greater
B) greater; less
C) less; greater
D) less; less
B) greater; less
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What characteristic do ghosts and ancestor spirits share?
A) They are both found in all known societies. B) They are both of human origin. C) They are supernatural forces rather than beings. D) They are both generally forces for good.
What does it mean to say that a word or sound is arbitrary?
A) It has the same meaning in nearly all languages. B) The word’s meaning is the opposite of what it sounds like. C) One cannot just guess the meaning from the sound. D) The meaning of the word has changed over the years.
The dramatic increase in the genetic potential for culture and linguistic ability seems to have begun about:
A. 1.6 million years ago B. 850,000 years ago C. 650,000 years ago D. 425,000 years ago
Which of the following is an example of a perfectly competitive market?
A) the market for minivans B) the market for lipstick C) the market for cucumbers D) the market for women's running shoes