The law of supply states that
A) producers are legally required to make necessary items available in the marketplace.
B) there is a positive relationship between price and quantity supplied, ceteris paribus.
C) producers should only sell the items when the price is right.
D) producers should only produce what they can sell.
B
Economics
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National income equals gross domestic product
A) minus the consumption of fixed capital. B) minus government transfer payments. C) plus government transfer payments. D) plus sales taxes.
Economics
The Samaritan's dilemma describes the problem that exists when transfer programs, designed to help the poor, encourage choices that can promote or perpetuate
a. poverty. b. healthier lifestyles. c. reduced birth rates. d. increased life expectancy.
Economics