Question
The statement economics is really interesting is Select one: Normative because it is an opinion Normative because it can be proven Positive because it is
The statement "economics is really interesting" is
Select one:
Normative because it is an opinion
Normative because it can be proven
Positive because it is not saying anything bad
Positive because it can be proven
Rent is income earned from
Select one:
Capital and interest is income earned from labour
Land and interest is income earned from capital
Land and interest is income earned from entrepreneurship
Land and profit is income earned from capital
A consumer should continue to consume until the MB is
Select one:
Less than zero
Less than the MC
Greater than the MC
Equal to the MC
Opportunity costs arise because of
Select one:
Scarcity
Overconfidence in making decisions
Uncertainty
Insufficient information
The law of supplysays that
Select one:
Demand will adjust to satisfy supply
The quantity supplied of a good is directly related to its price
The quantity supplied of a good is indirectly related to its price
The market quantity is equal to the quantity supplied of a good
The law of demand says that
Select one:
The quantity demanded of a good or service is indirectly related to its price
The quantity demanded of a good or service is directly related to its price
If the price of a good goes up, then the quantity demanded of that good goes up
If the price of a good goes down, then the quantity demanded of that good goes down
A rightward shift in the demand curve for iPads could be caused by a(n)
Select one:
Decrease in income levels
Improvement in technology
Increase in the price of laptops
Expected decrease in future prices of iPads
A market is in equilibrium when the
Select one:
Quantity demanded is equal to the quantity supplied
Quantity demanded is greater than or less than the quantity supplied
Market price is at a maximum
Market price is at a minimum
can you reply to me as soon as possible, I don't need an explanation I want only an answer?
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