A year-long drought that destroys most of the summer's crops would be considered a:
A. short-run supply shock.
B. long-run demand shock.
C. long-run supply shock.
D. short-run demand shock.
Answer: A
Economics
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As pizza topped with barbecue chicken became popular at specialty restaurants, Pizza Hut introduced a similar pizza. This imitation illustrates:
A. innovation. B. invention. C. creative destruction. D. diffusion.
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In 2014, the ethnic group experiencing the highest poverty rate was
A. black, non-Hispanic. B. Hispanic. C. another race. D. white, non-Hispanic.
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