What information is given by the price elasticity of supply of popcorn?
Choose 1
How responsive popcorn buyers are to changes in income
®
How responsive buyers of popcorn are to changes in the price of popcorn
©
How responsive sellers of popcorn are to changes in the price of popcorn
(D) How responsive popcorn sellers are to changes in the price of unpopped corn kernels
How responsive popcorn buyers are to changes in the price of popcorn seasonings

The blank is type of decision-maker who over analyzes information

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )