If a product can be produced by a natural monopoly, society will benefit in the form of lower prices if the monopolist is broken up into several smaller firms

An economic variable that moves in the same direction as aggregate economic activity (up in expansions, down in contractions) is called

A) procyclical. B) countercyclical. C) acyclical. D) a leading variable.

Why do elephants face the threat of extinction while cows do not?

a. Cattle are a valuable source of income for many people, while elephants have no market value. b. There is a high demand for products that come from cows, whereas there is no demand for products that come from elephants. c. There are still lots of cattle that roam free, while all elephants live in zoos. d. Cattle are owned by ranchers, while elephants are owned by no one.