How can we manage Scarcity

Which of the following is an example of a quasi-public good? A) cable televisionB) organic applesC) stock of knowledge in the public domainD) crime prevention

The discount rate is the: interest rate at which banks can borrow reserves from other banks. interest rate at which banks can borrow reserves from the Federal Reserve.

A seller buys an item from a manufacturer for $100 and sells it to a customer for $120. What term describes this extra $20?

An increase in quantity demanded A. Results in a movement downward and to the right along a demand curve. B. Results in a movement upward and to the left along a demand curve. C. Shifts the demand curve to the left. D.

The Bookstall Inc. is a specialty bookstore concentrating on used books sold via the Internet. Paperbacks are $1.00 each, and hardcover books are $3.50. Of the 50 books sold last Tuesday morning, 40 were paperback and the rest were hardcover.

Kenya makes sure that her company uses available technologies to listen to what people are saying. which strategy is kenya using to respond to negative criticism? a. respond appropriately b. monitor the conversation c. evaluate negative messages d.

Which of the following is most likely true about direct and digital marketing? Group of answer choices They make it increasingly difficult for sellers to adjust their prices. They reduce the number of interaction options between buyers and sellers.

The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the: a. balance of trade b. balance of payments c. free trade d. trade deficit

You own and are the only employee of a company that sells custom embroidered pet sweaters. Last year your total revenue was $120,000. Your costs for equipment, rent, and supplies were $30,000.

When a country has a comparative advantage in producing a certain good, a. the country should import that good. b. the country should produce just enough of that good for its own consumption.