If two variables both increase at the same time or decrease at the same time, they are
A) unrelated to each other.
B) positively related.
C) negatively related.
D) conversely related.
B
Economics
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The catch of American lobster off the shores of New England is regulated using quotas. If the quota is set correctly, then at this quantity, the marginal social cost ________ the marginal social benefit
A) is less than B) is greater than C) is not comparable to D) equals
Economics
Which of the following statements is false?
A) If the SRAS curve shifts rightward, the price level falls in the short run. B) If AD rises and SRAS is constant, the price level rises in the short run. C) If both SRAS and AD decline, Real GDP falls in the short run. D) If both SRAS and AD increase, the price level necessarily rises in the short run. E) none of the above
Economics