Which of the following goods is most likely to be over consumed?
A. Fish in the ocean
B. Chickens on a farm
C. Horses on a ranch
D. Water from a reservoir
A. Fish in the ocean
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Suppose two countries, A and B, are at war with each other. Country A is very wealthy; country B is very poor. The XYZ Co produces tanks
Is XYZ able to set a different price for the tank sold to country A than the price for the tank sold to country B? Explain.
This profit-maximizing firm is making a profit or loss of about ________.
A. $200
B. $280
C. $400
D. -$280
If the U.S. purchases oil from Venezuela, what is the effect in the foreign-exchange market?
A. It will increase demand for U.S. dollars. B. It will decrease demand for U.S. dollars. C. It will increase supply of U.S. dollars. D. It will decrease supply of U.S. dollars.