The 2005 Boston Globe article discussing ticket scalping points out that the price people will pay for tickets will rise when
a. supply and demand are both limited.
b. supply is limited and demand is not limited.
c. supply is limited and demand is not limited.
d. supply and demand are both not limited.
b
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Which of the following assertions about pollution is generally agreed with by economists?
A) Pollution is never a problem because those who pollute and the victims of pollution can always bargain with one another and arrive at a suitable outcome. B) Due to the demand for products made by those who pollute, it is best to not restrict pollution. C) The problem we face in dealing with pollution is determining the optimal amount of pollution. D) The ideal amount of pollution is no pollution.
A country reports that its inflation rate and unemployment rate have both increased. These changes could be the result of
A) a movement downward along the short-run Phillips curve. B) a movement upward along the short-run Phillips curve. C) a downward shift of the short-run Phillips curve. D) an upward shift of the short-run Phillips curve. E) a leftward shift of the long-run Phillips curve.