(01.05 LC)As the price decreases, the _______________ will increase.

(02.07 LC)When consumed, many goods and services have an impact on other people not using the product. Which word describes this impact?

(03.03 MC)Imagine the federal government has a national debt of $12.6 trillion. Congress’s budget for the coming year includes a spending projection of $5.1 trillion. Tax revenue is expected to be $4.8 billion. Which of the following fiscal policies would Congress have to adopt to maintain spending levels without increasing the debt?

(01.05 MC)Use the graph to answer the question that follows.A bookstore owner increases the price of museum photography books to $25. Which of these would occur?

(01.05 LC)As the price increases, the _______________ will increase.

(03.02 LC)Which economist(s) thought that government should stay out of economic decisions no matter what, that the economy should be guided by the forces of supply and demand alone?

(03.03 MC)Economists warn that the nation is slipping into a recession. Which combination of fiscal policies has the most potential to prevent this trend?

(02.09 MC)A committee is working on a proposal for improving resident participation in the local recycling program. Which of the following tasks aligns with the rational decision-making model step of “identify the criteria for evaluating potential solutions”?

(02.05 LC)Which of the following is determined through marginal cost analysis?

(03.07 LC)Which statement is true of the United States?