If Mexico has a GDP growth rate of 10% and there GDP was $1 Trillion in 2016, when will there countries GDP go up to $2 trillion   2023 2027     2030     2032

If the price elasticity of supply is zero, then   the supply curve is flat the quantity supplied is the same, regardless of price a change in demand will cause a relatively small change in the equilibrium supply is more elastic than it is in any other case

A cigarette tax can be considered to be _________ because it taxes those who have less income more than those with more income.

  Which of the following best describes the movement from E1 to E2? a decrease in supply an increase in supply a movement along the supply curve a decrease in demand

A legal maximum on the price at which a good can be sold is called a price 1. floor 2. subsidy 3. support 4. ceiling    

In a competitive market free of government regulation, price adjusts until quantity demanded is greater than quantity supplied price adjusts until quantity demanded is less than quantity supplied price adjusts until quantity demanded equals quantity supplied supply adjusts to meet demand at every price

An increase in supply is represented by a movement downward and to the left along a supply curve movement upward and to the right along a supply curve rightward shift of a supply curve leftward shift of a supply curve

If there is a shortage in a market                    1.  Quantity demanded is greater than the quantity supplied   2.  The demand curve has shifted to the right   3.  The price is too high in the market   4.  The supply of goods has shifted to the left.

What is one main argument for raising the minimum wage? 1. it will create more jobs since people will have more money to spend 2. the wealthy already have too much money 3. it will give young people more job opportunities 4. it will make our products more competitive to other countries

  Equilibrium price and quantity are, respectively, $15 and 200 $25 and 600 $25 and 200 $25 and 400