Check all that apply:  If supply decreases and demand increases, this results in

Why would division of labor without trade not work? (2-3 sentences).

The term ____________ refers to a market exchange that affects a third party who is outside or external to the exchange.

Check all that apply:  If supply decreases and demand increases, this results in

Mark all that apply.  If the fed raises the reserve requirement

Mark all that apply to externalities.

Why would division of labor without trade not work? (2-3 sentences).

Select all that apply. In terms of pricing, which of the following is not true for a monopolist?

Mark all that apply to externalities.

Mark all that apply.  If the fed raises the reserve requirement