Total profit is equal to:

True or False. The government should pay landowners who restrict the use of their land to protect an endangered species.

Total profit is equal to:

Inclement weather in South America creates an expectation of higher future coffee bean prices increases or decreases today’s demand for coffee beans?

True or False.  Every idea can be protected with a patent.

True or False.  Barter allows economies to grow.

If a product becomes more popular (a) Which curve will shift? (b) Along which curve will price and quantity move? (c) At a new equilibrium, will price be higher or lower. (d) At a new equilibrium, will quantity be higher or lower.

Festivals that sell canned beer or soda create a _________ externality if kids are allowed to collect the empty cans the next day and cash them in for scrap aluminum Fill in the blank write you answer all in lower case.

True or False.  Barter involves the direct exchange of a good or service for another, with the use of money.

Airplanes burn fuel, and therefore emit carbon dioxide, which is a ________ externality since it pollutes the air and contributes to climate change. Fill in the blank write you answer all in lower case.