Suppose you wish to analyze the change in the equilibrium price of lumber as a result of forest fires in the West. What would your first step be?
a. to decide whether the fires shift demand or supply
b. to identify the new equilibrium point
c. to decide whether the fires affect the price
d. to decide whether the fires affect the quantity demanded
Answer: a. to decide whether the fires shift demand or supply
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Which of the following will help teams learn collectively, fix issues quickly, and ensure that the best ideas are put into action?
A) Try out new strategies and ideas B) Using a storming technique C) Using predetermined team standards D) Dividing the work equitably E) Having clearly defined roles and areas of expertise
State laws typically prohibit:
A) marriage between minors. B) marriage between adults. C) marriage between adults who have been married before. D) marriage between consenting adults.