Answers

BH

Answered

​Which of the following statements is true

A) ​a market equilibrium price is where quantity demanded equals quantity supplied
B) a market equilibrium price is where the demand is higher than the supply
C) a market equilibrium price is where the supply is higher than the demand
D) ​none of the above

On Sep 28, 2024


A
BH

Answered

​The zero sum fallacy refers to

A) ​You gaining only if someone else loses
B) The allocation of the pieces of the total economic pie- if you eat the piece,I cannot consume it
C) Ignores the possibility of the total pie growing itself
D) ​All of the above

On Sep 24, 2024


D
BH

Answered

High tariffs lead to more production locations within a supply chain network,with each location having a lower allocated capacity.

On Sep 22, 2024


True