Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
Suppose buyers of coffee and sugar regard the two goods as complements. Then an increase in the price of coffee will cause a(n)
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
A decrease in the price of a good will
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
The current price of blue jeans is $30 per pair, but the equilibrium price of blue jeans is $25 per pair. As a result,
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
A rational decision maker
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
Suppose after graduating from college you get a job working at a bank earning $30,000 per year. After two years of working at the bank earning the same salary, you have an opportunity to enroll in a one-year graduate program that would require you to
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
Which of the following would not shift the demand curve for mp3 players?
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
The phenomenon of scarcity stems from the fact that:
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
Trade makes costs
Lower and raises the variety of goods and services available.
Takes an action only if the marginal benefit of that action exceeds the marginal cost of that action.
Increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar
Increase quantity demanded.
Resources are limited.
A decrease in the price of mp3 players
The $45,000 salary that you will be able to earn after having completed your graduate program
All of the above are correct.
Check it!
Match it!
Match it!