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Home Search Your Textbook The Economic Way of Thinking

Questions for: The Economic Way of Thinking — 13e

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If an economist claims there are substitutes for clean air, he is really saying

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The best time to purchase the stock of a corporation capable of generating large earnings in the fut

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The rules of the National Collegiate Athletic Association (NCAA) limit the amount of money colleges

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Other things constant, the demand for an inferior good will decrease (the demand curve will shift le

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In the economic way of thinking, what do entrepreneur s and bureaucrats have in common?

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Other things constant, which case would tend to reflect the highest elasticity of demand for eggs?

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Effective cooperation among the members of a commercial society is more likely when

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Land used for commercial Christmas trees can also produce pulpwood. Therefore, an increase in the ex

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People are most likely to make their opinions on a potential piece of legislation known to their rep

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Sustained economic growth generally occurs when a nation

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According to your text, the plans of all buyers and sellers would always be perfectly coordinated un

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Suppose water rates in Podunk rise by 100%. The water consumption in Podunk will tend to

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Which of the following is included in the M1 money supply?

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Which of the following sets of goods might, under the right circumstances, be substitutes for water?

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Cartels rarely succeed for long because they find it difficult to

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The implicit GDP deflator is

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With price on the vertical axis and quantity on the horizontal axis, economists would draw a fall in

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Tourists in foreign countries are often charged more for hand-made items at tourist shops compared t

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Sellers are sure the demand for their product is relatively inelastic at the price currently being c

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Suppose a credit union strives for a 3% real return on its loans to members, and expects a 2% inflat

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