The international trade agreement that was executed in the 1940s was

An increase in the demand for a good will tend to bid up the cost of acquiring the good more

A) if suppliers respond by quickly making larger quantities available. B) if the cost of transferring resources out of other uses into production are low. C) in the short run than in the long run. D) if the supply curve is highly elastic.

The closer an income Lorenz curve is to the line of equality, the

A) slower income is growing. B) more equally income is distributed. C) less equally income is distributed. D) faster income is growing.