The amount Jacqueline receives for selling cupcakes beyond the minimum she would be willing to sell the cupcakes for is called

The scenario in which the trade deficit slowly shrinks over time is called the

a. soft-landing scenario. b. hard-landing scenario. c. fair-trade scenario. d. free-trade scenario. e. protectionist scenario.

Which of the following describes a problem created by scarcity?

A. The course you need to take in the fall is offered at times that conflict with your work schedule. B. Your cell phone battery is low and you screen a phone call from a friend in case your significant other calls later. C. The White House eliminates tours due to budget constraints. D. All of these.