A straight-line diagram can be drawn knowing the ________ and ________?

Related Mcqs:

Resources in an economy ?

A. Are always found B. Can never decease C. Always increase over time D. Are limited at any moment in time...

In a command (planned) economy ?

A. The price mechanism acts as an incentive B. Resources are allocated by market forces C. Individual firms make decisions for themselves about what to produce and how to produce it D. The public sector is large...

The opportunity cost of a good is______________?

A. the time lost in finding it B. the quantity of other goods sacrificed to get another unit of that good C. the expenditure on the good D. the loss of interest in using savings...

If a price increase of good A increases the quantity demanded of good B, then good B is a________________?

A. substitute good B. complementary good C. bargain D. inferior good...

High and persistent inflation is caused by ?

A. unions increasing wages too much B. OPEC raising the price of oil too much C. governments increasing the quantity of money too much D. regulations raising the cost of production too much...