Which of the following leads to a change in quantity supplied?
a. P1 moves to Q2
b. P2 moves to Q1
c. P1 moves to P2
d. P2 moves to P1
c. P1 moves to P2
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Speculative demand for money is a(n):
a. positive function of prices. b. inverse function of prices. c. positive function of interest rates. d. inverse function of interest rates. e. function of unexpected needs.
Compared to high-income countries, low-income countries might have an advantage in achieving greater worker productivity because low-income nations have:
a. many opportunities to make use of existing technologies b. an abundant supply of natural resources. c. an abundant supply of skilled and unskilled labor. d. more entrepreneurial opportunities than high-income countries.
Is calling a voter rationally ignorant the same as calling her irrational? Explain
To an economist, a free rider is a person who
A. uses the public transportation system without paying for it. B. benefits from consuming public goods without paying for them. C. consumes demerit goods. D. uses private goods without paying for them.