A. increasing B. maximum C. minimum D. decreasing Correct Answer: Option D - decreasing
A. the percentage change in inputs change exceeds output B. output and all inputs change by the same percentage C.…
A. mixed economy B. subsistence economy C. capitalist economy D. socialist economy Correct Answer: Option B - subsistence economy
A. must be done in stages B. requires no special knowledge C. is simple but strenuous D. must be undertaken…
A. total supply by OPEC members B. total demand for and supply of crude oil C. excess crude oil produced…
A. income effect is negative B. income effect is positive C. substitution effect is negative D. substitution effect is positive…
A. price of the good B. degree of necessity of the good C. level of income of consumers D. closeness…
A. perfectly inelastic supply curve B. perfectly elastic supply curve C. fairly elastic supply curve D. fairly inelastic supply curve…
A. there is an increase in quantity demanded B. inflation has taken place C. demand has exceeded supply D. there…
A. estimate the mean from grouped data B. calculate the standard deviation C. determine the spread of a set of…