Refer to the graph above. Suppose that its shows the S and D graphs in a market where usage of the product generates a lot of external benefits. In this case, the government should use its coercive power to make:

Suppose the relative price of Ford F150 pickup trucks has risen over the past decade. Yet, even at the higher price, more F150 pickups have been sold. What would an economist conclude?

A) The supply of F150 pickups is downward-sloping. B) The demand for F 150 pickups is upward-sloping. C) Buyers of F150 pickups are acting irrationally. D) All of the above are true. E) None of the above is true.

The goal of an unbalanced economic development strategy is to create

a. a political revolution or change that sparks economic development b. labor unions in nonunionized markets that unbalances those markets c. more government jobs for workers in the modern sector d. high profit in the private sector and low profit in the government sector e. forward and backward linkages that provide mutually sustaining markets