Question 11pts
If the demand for coffee decreases as income decreases coffee is a(n):
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Question 21pts
If there is a need to increase the quantity and supply of oil the most effective way to get it quickly is to
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Question 31pts
Macroeconomics is the study of
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Question 41pts
The interactions of producers and consumers in individual markets are part of the study of
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Question 51pts
The measure of the cost of a particular good in terms of what is given up to produce that good is called
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Question 61pts
In what type of economic system are the basic economic questions answered in the same way as in the past?
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Question 71pts
Capital consists of
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Question 81pts
Sales of bananas have dropped from 100000 pounds to 75000 pounds per day because a freeze resulted in a smaller supply. In the process the average price of a pound of bananas has risen from $0.80 to $1.00. Which of the following is most likely true?
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Question 91pts
Demand for a good will always rise when
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Question 101pts
What will cause a change along the supply curve?