According to the law of supply, the quantity supplied is _____ related to price, other things constant.

A quota is _____

A system which is characterized by the private ownership of resources and the use of prices to coordinate economic activity in unregulated markets is known as a _____

A product that is produced in China and sold in the United States is called a(n) _____

If we say that the demand for a good has increased, we mean there has been _____

Owners of corporations are referred to most frequently as ______

The _____ for a product indicate(s) the quantity of the product consumers are both willing and able to buy at each price during a given time period, other things constant.

The difference between fiscal policy and monetary policy is that _____

If at a given price, the amount by which quantity demanded exceeds quantity supplied, there is _____.

Brian is the sole proprietor of Long Voyage Software, which generates maps for nature trails. He started the business with an initial investment of $80,000. A faulty map caused one customer to get hopelessly lost. After her rescue and recuperation, she sued Long Voyage for $5,000,000. Which of the following is true?