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.

A rise in incomes increases or decreases the demand for inferior goods such as cabbage, turnips, and inexpensive wine?

Select all that apply. In terms of pricing, which of the following is not true for a monopolist?