Brittany must write a political science term paper and prepare for an economics exam. The production possibilities curve between political science and economics preparation is a straight line. As time spent studying economics increases, the opportunity cost of studying for economics:
a. increases

If gold miners expect the price of gold to be 100% higher one year from now, they will probably

A) decrease the supply of gold they bring to market now. B) increase the supply of gold they bring to market now. C) increase the quantity supplied of gold, but supply will remain unchanged. D) do none of the above.

One of the most centrally planned economies in the world today is found in

a. the United States b. Germany c. Canada d. Japan e. North Korea