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The most desirable alternative given up as a result of a decision is the: A. opportunity cost B. investment cost C. substitution cost D. none of the above User: Replacing a good with a similar good because of a change in prices is an example of the: A. substitution effect B. supply and demand C. price rationalizing D. none of the above
Weegy: Replacing a good with a similar good because of a change in prices is an example of the D. none of the above User: What is the role of the Federal Open Market Committee? A. It appoints the Fed Board of Governors. B. It oversees the entire Federal Reserve System. C. It redraws the map of the Federal districts every ten years. D. It makes key decisions about the U.S. money supply. Weegy: D. It makes key decisions about the ... (More)
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Asked 3/10/2013 7:17:07 PM
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A consumer’s desire to buy something and the ability to pay for it is called: A. economic desire B. law of diminishing returns C. supply D. demand
Weegy: D. demand. In economics, demand is an economic principle that describes a consumer's desire, willingness and ability to pay a price for a specific good or service. (More)
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Asked 3/10/2013 7:24:30 PM
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Which of the following is a main economic variable that affects business cycles? A. stagflation B. national income accounting C. interest rates D. personal savings
Weegy: The answer is A. stagflation User: What is an example of a positive external shock to aggregate supply? A. Good weather leads to an unusually productive harvest for corn farmers. B. A popular new diet encourages consumers to buy more corn flakes. C. Demand for new suburban houses increases the value of farmland. D. China announces that it plans to import more corn from the United States. Weegy: A. Good weather leads to an ... (More)
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Asked 3/11/2013 12:25:19 PM
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Which of the following is considered a cause of inflation? A. Wages go down. B. Producers raise prices to meet higher costs. C. There is not enough money in the economy. D. Demand is less than supply.
Weegy: D. Demand is less than supply. (More)
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Asked 3/11/2013 12:27:18 PM
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