If an increase in income leads to in an increase in the demand for peanut butter, then peanut butter is
A) a neutral good.
B) a normal good.
C) a necessity.
D) a complement.
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As the number of firms in a market decreases, the supply curve will shift to the left and the equilibrium price will rise.
True or false?
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In a report made to the U.S. Congress in 2001, the National Academy of Sciences cautioned that if fuel economy encourages the production of smaller and lighter cars, "Some additional traffic fatalities would be expected." This statement suggests that
• U.S. auto manufacturers are more concerned about producing fuel efficient cars to compete with their Japanese and South Korean rivals than about consumer safety.
• there is a trade-off between safety and fuel economy.
• society should value safety more highly than fuel economy.
• society should value fuel economy more highly than consumer safety because of the long-term environmental benefits generated by less gasoline use.
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Which of the following is a positive economic statement?
A) The standard of living in the United States should be higher.
B) If the price of iPhones falls, a larger quantity of iPhones will be purchased.
C) The government should revamp the health care system.
D) The U.S. government should not have bailed out U.S. auto manufacturers.
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Geothermal energy, wind energy, and solar radiation are all examples of ________.
A) biodiversity
B) nonrenewable resources
C) renewable environmental resources
D) biotic environmental factors
E) biodegradable materials
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The format of online spending in the United States with the highest expenditure is which type of ad?
A) Media/video
B) Banner
C) Classified
D) Search
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In terms of integration of media platforms, looking at two or more screens simultaneously to access content that is not related is:
A) content grazing.
B) investigative spider-webbing.
C) social spider-webbing.
D) quantum journey.
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In a new task purchase situation, potential vendors are often involved in helping the buyer develop clear specifications of what is needed.
True or False?
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