As a resource becomes more scarce, we expect its price to
a. rise.
b. fall.
c. remain constant.
d. fluctuate wildly.
a
Economics
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Moving ________ along the marginal cost curve, the ________
A) upward; opportunity cost of one more unit increases B) upward; marginal cost decreases C) downward; marginal cost increases D) upward; opportunity cost of one more unit does not change E) downward; opportunity cost of one more unit does not change
Economics
The price of a Treasury bond futures contract is set
A) by the federal government. B) by the Chicago Board of Trade. C) by the Federal Reserve. D) as a result of bidding and offering by market participants.
Economics