According to the text, a military draft is most likely to have which of the following effects on the market for fish? It will

a. increase the supply
b. increase the demand
c. decrease the supply
d. decrease the demand
e. lower the price

C

Economics

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Marginal utility theory predicts that

A) when the price of a good rises, the quantity demanded of that good decreases. B) if the price of one good rises, the demand for a substitute good increases. C) if income increases, the demand for a normal good increases. D) All of the above answers are correct because all are predictions of marginal utility theory.

Economics

A significant problem of a dual exchange rate system is that it

(a) is difficult to administer. (b) leads companies to pursue rent-seeking behavior. (c) promotes black markets. (d) all of the above. (e) none of the above.

Economics