If the quantity of a good or service demanded at the existing price is greater than the quantity supplied, ________ exists

Refer to Table 2-9. What is Haley's opportunity cost of making a bracelet?

A) 3/4 of a bracelet B) 1 1/3 necklaces C) 2 necklaces D) 3 bracelets

To what can we attribute the relatively high population growth in colonial America, compared with growth in England?

(a) The relatively advanced medicine in the colonies (b) Better climate, food and water (c) Better hygiene and preventive care (d) All of the above