When an effective production quota is applied in thee market for rice, the quantity produced _____ and the price ____. When an effective production quota is applied in the market for rice, the MSB ____ MSC.
Fill in the blank(s) with the appropriate word(s).
Decreases; rises
Exceeds
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In making decisions about insurance:
A. using hindsight is the only way to truly know what the right decision was. B. you must consider it in light of the best information available at the time. C. you need to weigh the cost of the insurance against the benefit of payouts over the life of the contract. D. None of these statements is true.
If the marginal propensity to consume is very close to zero, then the multiplier
A) cannot be calculated. B) is very close to one. C) is very large. D) is very close to zero. E) might be negative if the marginal tax rate is large enough.
About what percent of the world's water supplies are used for agricultural purposes?
a. 90 b. 70 c. 45 d. 20 e. 10
DeBeers was able to profit the most from the diamond market by selling a:
A. lot of diamonds at high prices. B. lot of diamonds at low prices. C. few diamonds at low prices. D. few diamonds at high prices.