In the above table, the cross price elasticity of demand for good X with good Y when PY falls from $20 to $18 is

An increase in demand for resources fixed or specific to an industry will cause their earnings _____ because those resources cannot be released from other industries.

a. to fall b. to rise by the same rate as for all resources c. to rise disproportionally d. to fall disproportionally

When a motorist speeds down the road at well above the posted limit, economists believe that the principle of ____ may be directing his actions

a. rent seeking b. defective telescopic faculty c. moral hazard d. resource misallocation