Which statement is consistent with the economic way of thinking?
A) Politicians seek to advance their own interests.
B) Politicians are not only concerned with money and material goods.
C) Politicians do not necessarily pursue narrow or selfish goals.
D) All of the above.
E) None of the above.
D
Economics
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Demand in the refreshment beverage market has been changing due to
A) changes in income. B) changes in taxes and subsidies. C) changes in the number of buyers. D) changes in tastes and preferences.
Economics
Refer to the given data. What will be the profit-maximizing selling price of the product?
Use the resource demand data shown on the left and the resource supply data on the right in answering the following question:
A. $1.40.
B. $1.60.
C. $1.80.
D. $2.00.
Economics