Blog

Andy views beer and pizza as complements to one another. Therefore, if the price of pizza decreases, economists would expect: 

A head tilt or turn indicates an issue with which neurologic system? 

The slope of the _________________ is determined by the relative prices of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.

Which of the following would most likely shift the production possibilities frontier inward?

What are two methods for sterilization in female dogs? [procedure1] [procedure2]

In a ______________, most economic decisions about what to produce, how to produce it, and for whom to produce it are made by buyers and selers. 

_____________ are enacted when discontented sellers, feeling that prices are too low appeal to legislators for favorable action in an effort to keep prices from falling. 

This question references the circular flow diagram:  In the _______________, households work and receive payment from firms.

The “Law of Supply” functions in the labor markets. That is, a higher ____________ for labor leads to a higher quantity of labor supplied. 

If a firm faces ______________, while the prices for the output the firm produces remains unchanged, a firm’s profits will increase.