A. demand is elastic
B. demand is inelastic
C. there is aggregate demand
D. exchange takes place
Related Mcqs:
- People who are suddenly thrust in a situation for which they know no precedent are vulnerable to_______________?
A. criminal behavior
B. normative behavior
C. collective behavior
D. social behavior - By what method were the first cars ever manufactured produced ?
A. Craft method
B. Assembly-line method
C. Lean-production method
D. Production-line method - What percentage of the earth’s people live in low-income areas ?
A. 10%
B. 35%
C. 56%
D. 5% - In a developing nation people start to obtain good jobs Then inflation cuts their income the people begin to feel_________________?
A. relative deprivation
B. a failure of rising expectations
C. euphoria
D. depression - The condition of an increase in prices NOT triggered by an increase in demand is called_______________?
A. hyperinflation
B. the Pigou effects
C. inflation
D. restraint of trade - If the GNP increases by 8% and prices increase by 3% the actual growth rate is_______________?
A. 11%
B. 5%
C. 8%
D. 3% - What forces prices down ?
A. Large consumer purchasing power
B. Elastic demand
C. Inelastic demand
D. Inferior products - The situation in the Middle East is an example of________________?
A. competition
B. cooperation
C. conflict
D. all of the above - A child shows her parents how to operate a computer This situation reflects_____________?
A. primary socialization
B. secondary socialization
C. reverse socialization
D. tertiary socialization - The decline of unskilled factory jobs has increased black unemployment The situation is a result of______________?
A. structural discrimination
B. individual discrimination
C. nature of life
D. personal discrimination
