The longer the time frame involved, the more likely it is that the demand will be relatively

A) elastic.
B) inelastic.
C) steep.
D) flat.

Answer: A

Economics

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________ on an indifference curve that is farther from the origin ________ on an indifference curve that is closer to the origin

A) Some combinations; are preferred to some combinations B) Any combination; is preferred to any combination C) Most combinations; are preferred to all combinations D) Combinations; are not as affordable as combinations

Economics

An externality that is not fully paid by the individual using an automobile is

A) insurance for the vehicle. B) gasoline for the vehicle. C) air pollution from the vehicle. D) operation of the vehicle.

Economics