The scalping of tickets for an event is a sign that the stated price on the ticket is:

The U.S. supply of Japanese yen is:

A. downsloping because a lower dollar price of yen means U.S. goods are cheaper to the Japanese. B. upsloping because a higher dollar price of yen means U.S. goods are cheaper to the Japanese. C. upsloping because a lower dollar price of yen means U.S. goods are cheaper to the Japanese. D. downsloping because a higher dollar price of yen means U.S. goods are cheaper to the Japanese.

The term “laissez-faire” was given to a system of free markets by

A. twentieth-century American economists. B. a seventeenth-century Scottish economist. C. eighteenth-century French economists. D. nineteenth-century Italian economists.