Farmers as a group generally prefer bad weather to good weather because bad weather shifts the demand curve for their product rightward and raises the price of their product

Over coffee in the cafeteria Susan stated that the university should be run like a profit- seeking corporation. Sam correctly pointed out that she had made a ____________ statement, as Professor McSnerd had described in their economics class

a. ceteris paribus conjunctive b. normative c. macroeconomic d. positive e. microeconomic

The following is budget information for a hypothetical economy. All data are in billions of dollars.

Refer to the above table. Assume that Year 1 is the first year for this economy and Year 5 is the current year. What is the public debt in this economy at Year 5?


A. $25 billion

B. $75 billion

C. $125 billion

D. $925 billion