Refer to Scenario 12.1. What is the probability of Simon trying to rescue the man and Paula not helping?

A) 9%
B) 21%
C) 49%
D) 70%

B

Economics

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The "law of supply" refers to the fact that, all other things remaining the same, when the price of a good rises

A) the supply curve shifts leftward. B) the supply curve shifts rightward. C) there is a movement up along the supply curve to a larger quantity supplied. D) there is a movement down along the supply curve to a smaller quantity supplied.

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In economics, activities done for others, such as providing house cleaning or dental work, are referred to as

A) services. B) physical capital. C) technology. D) goods.

Economics