Economic choice and competitive behavior are the result of

a. scarcity.
b. poverty.
c. public ownership of resources.
d. private ownership of resources.

A

Economics

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A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the enrollment

If the university wants to increase its total revenue, it should ________ tuition because the demand for education at this university is ________. A) raise; elastic B) not raise; elastic C) raise; inelastic D) not raise; inelastic

Economics

The Federal Reserve System is divided into

a. 2 districts b. 12 districts c. 4 districts d. 50 districts e. 10 districts

Economics