Suppose that there are only two goods in Japan, sushi and saki. The absolute price of a 100-gram plate of sushi is 200 yen, and the absolute price of a liter of saki is 100 yen. What is the relative price of saki in terms of sushi?

The fact that people with higher incomes get to consume more goods and services addresses the ________ part of one of the two big economic questions

A) "for whom" B) "when" C) "where" D) "how"

When a binding price floor is imposed on a market to benefit sellers,

a. every seller in the market benefits. b. all buyers and sellers benefit. c. every seller who wants to sell the good will be able to do so, but only if he appeals to the personal biases of the buyers. d. some sellers will not be able to sell any amount of the good.