Basics of Economics

A situation where demand is greater than supply would be called a:

Which of the following is not one of our CELL resources?

The US cutting off all trade from Cuba is an example of what?

Self-driving tractors would best fit under which resource?

The US adding a $1 tax to every pound of imported oranges would be an example of what?

A hurricane destroying Florida's orange crop would most affect:

What would have to happen to correct a surplus?

When supply and demand price are equal, this describes:

Which of the following would not be a capital resource?

The US giving farmers $100 for every 1 tonne of corn produced would be an example of what?

If quantity increases, price increases. This describes:

In order for there to be a demand, there must be ________ for a good or service.

Someone starting a business would best fit under which type of resource?

The US accepting only 100,000 barrels of oil from Canada is an example of what?

A study that finds peanuts increase cancer cells would most affect:

Which of the following is not a land resource?