The price ceiling that the federal government placed on human organs caused
A. A shortage.
B. A surplus.
C. An increase in supply.
D. An increase in demand.
Answer: A
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According to the Application, people in Morocco bring meteorites picked up in the desert to local dealers, who then sell them to the public through Websites
If the Moroccan government decided to intervene in this market by requiring all meteorites be turned over to the government, and then the government decides who is allowed to purchase the meteorites and at what prices, this best describes an example of A) a market system. B) a barter economy. C) comparative advantage. D) central planning.
Microeconomics explores the allocation of scarce resources from the perspective of small economic units such as consumers and firms
a. True b. False Indicate whether the statement is true or false
The number of years it takes for GDP to double is found by
A. Multiplying 72 by per capita GDP. B. Dividing the growth rate by 72. C. Dividing 72 by the growth rate. D. Multiplying 72 by the growth rate.
Why is the labor used to retrieve an object in space considered more capital intensive than the labor used to pick up tree limbs from a yard?
a. It requires more workers. b. It requires advanced technical machinery. c. It takes longer to do. d. It involves more than one company.