The price index that measures the prices of goods and services purchased by firms is called the:

A. producer price index.
B. purchasing power index.
C. retail sales index.
D. consumer price index.

Answer: A

Economics

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Explain how price adjusts to eliminate excess demand

What will be an ideal response?

Economics

Economists argue that the level of pollution should be

A) reduced completely to zero because by definition, it has a negative external effect. B) ignored because it has always been present since the beginning of history. C) best determined by elected officials who can speak on behalf of the public. D) reduced to the point where the marginal benefit of pollution reduction is equal to the marginal cost of pollution reduction to society.

Economics