The situation where women tend crops and raise children while men hunt is often found in a
a. mixed economy
b. market economy
c. command economy
d. traditional economy
Ans: d. traditional economy
Economics
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Faced with an adverse supply shock, if the central bank wants to stabilize output, it should
A. decrease the money supply. B. increase the money supply. C. decrease government spending. D. increase government spending.
Economics
If the government imposes a price ceiling, then:
a. producers must charge the ceiling price. b. the price offered by producers must be at or above the ceiling price. c. the price offered by producers must be at or below the ceiling price. d. producers would be inclined to increase the quantity supplied. e. the market supply curve will shift to the right.
Economics