In the market for oranges, the demand and supply of oranges decrease by the same amount. The equilibrium quantity will ________ and the equilibrium price will ________

Sarah initially used her cell phone mostly to make important business calls

However, when she was informed that henceforth her phone bills would be reimbursed by her employer, she started using her cell phone to make frequent calls to her friends and relatives. This behavior is an example of ________. A) moral hazard B) a negative externality C) the prisoners' dilemma D) the free-rider problem

?_________ results in slow or absent economic growth.

A. The absence of property rights B. The absence of democracy C. Diminishing returns to labor D. Diminishing returns to capital