"An increase in the price of gasoline will increase the demand for hybrid vehicles." This statement is an example of a positive economic statement

If the population increases, then potential GDP ________ and employment ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases

Which of the following will most likely have the greatest effect on an individual’s consumption function?

A. Winning a small amount in the lottery B. A one-time tuition grant C. A week of high overtime pay D. An inheritance paying a modest annual dividend