Think in terms of the consumer. A shortage of a good exists when
a. demand is greater than supply
b. the quantity supplied is greater than the quantity demanded
c. the quantity demanded is greater than the quantity supplied
d. supply is greater than demand
e. the price is at its equilibrium level, but the quantities bought and sold are not equal
C
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What are the roles of Federal Reserve district banks?
What will be an ideal response?
The term or phrase most likely to indicate a normative statement is
A) "ceteris paribus." B) "factual." or "what is" statement. C) "holding other things constant." D) "should" or "ought to."
Discrimination exists when a man and a woman with the same levels of education earn different incomes.
Answer the following statement true (T) or false (F)
A company requires that all new employees become certified in using Microsoft Office. This investment is in ________ capital.
A. tangible B. financial C. productive D. human