___________ is the study of how we make use of our resources.

The quantity of a product that producers are willing and able to make available for sale at various prices over a given period of time is said to be

When the quantity demanded and quantity supplied is equal, what is the result?

The law of supply states that (all other things being equal) as the price of a good or service increases

A demand curve:

Productivity increases at a steel mill due to technological improvement. What will happen to the price of steel?

If Spam is an inferior good, an increase in income will shift the:

Which of the following is NOT an example of an economic indicator?

An unexpected spurt in GDP may indicate that the economy is overheating and __________ could result.

An “increase in quantity demanded” means that:

When the reserve requirement is low, banks have ______________ money to lend to customers.

How would the government most likely respond to a period of rapid inflation?

Which of the following is a component of GDP?

Early market economists argued that a market economy should be

Equilibrium is also known as the

Cancer researchers have found hair dyes may be a cause of cancer. They found that people who dye their hair have a 50% greater chance of developing brain tumors. What will happen to the price and quantity in the market for hair dyes?

Which of the following newspaper headlines would explain a supply curve shift to the left in the market for automobiles?

“When the price of Milky Ways increase, consumers increase purchases of Three Muskateers whose prices are now relatively lower.” This statement describes:

Which of the following newspaper headlines would explain a demand curve shift to the right in the market for coffee?

Which of the following should you NOT do during a job interview?

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