Society faces trade-offs because of
A) government regulations.
B) profit motive.
C) faceless bureaucrats.
D) scarcity.
D
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Which of the following would cause a decrease in the equilibrium price and decrease in the equilibrium quantity of papayas?
A) a decrease in supply and a decrease in demand B) an increase in supply and an increase in demand greater than the increase in supply C) a decrease in supply and an increase in demand D) a decrease in demand
If prejudice originates with employers, market forces work to reduce discrimination and lower wage differences between the favored and unfavored groups
a. True b. False
In the United States, which is the largest dollar figure?
A) disposable personal income B) gross domestic product C) per-capita GDP D) personal income
A decrease in a consumer's budget set can be caused by:
A. an increase in prices. B. a decrease in prices. C. an increase in income. D. a change in preferences.