According to the circular flow diagram/model, who supplies goods & services in the product market?

Using the graph below, if the price where $1 what is the amount of the shortage or surplus?

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

Indicate whether each of the following statements applies to microeconomics or macroeconomics: U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009:

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

True or False.  The government plays a role in assuring that everyone will make a contribution to public goods and to prevent free riders.

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

Mark all that apply to externalities.

Indicate whether each of the following statements applies to microeconomics or macroeconomics: U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009:

True or False.  The government plays a role in assuring that everyone will make a contribution to public goods and to prevent free riders.