High-income countries such as the United States spend a greater amount on services as compared to goods

The net benefit of a particular alternative equals:

A) the benefits received from the alternative plus the costs incurred in choosing the alternative. B) the benefits received from the alternative divided by the costs incurred in choosing the alternative. C) the costs incurred in choosing the alternative divided by the benefits received from the alternative. D) the benefits received from the alternative minus the costs incurred in choosing the alternative.

When the supply of bubble gum increases while the demand for bubble gum decreases, the equilibrium ________ of bubble gum will definitely ________, ceteris paribus.

A. price; increase B. price; decrease C. quantity; increase D. quantity; decrease