An increase in demand for French fries will cause equilibrium wage rates:
A. and quantities of potato workers hired to rise.
B. and quantities of potato workers hired to fall.
C. to rise and quantities of potato workers hired to fall.
D. to fall and quantities of potato workers hired to rise.
Answer: A
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According to the economic analysis of democracy, citizens do not acquire sufficient information to vote intelligently because
A) money controls the media. B) private concerns matter more to them than public affairs. C) they are apathetic about government. D) they know their vote doesn't really matter. E) the country is a republic, not a democracy.
A family on a trip budgets $1,000 for meals and gasoline. If the price of a meal for the family is $50 and if gasoline costs $3.50 per gallon, then how many meals can the family buy if they buy 100 gallons of gasoline?
a. 13 b. 16 c. 19 d. 21