University of Utah
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The demand curve shows... Correct Answer-the quantities that buyers are willing to purchase at different prices. 
 
A supply schedule shows Correct Answer-the quantities of a good that producers are willing to provide at different prices 
 
A market is said to be in equilibrium when ... Correct Answer-the quantity demanded equals the quantity supplied. 
 
Suppose we observe that as the price of lettuce increases from $1 to $2 per head, consumers buy only half the number of heads of lettuce. This...
Globalization Correct Answer--increasing interaction of people, companies, states or countries 
 
-through the growth of international flows of people, culture, money, goods and ideas 
 
-in the economic sphere it's also called international economic integration 
 
Globalization: First Wave Correct Answer-- (< WWI) 
-New technologies 
-Transportation costs DOWN 
--Steam-powered ships, railroads, telegraph... 
--Also had large flows of goods and FDI 
 
Globalization: Second Wave Correct Ans...
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