An example of a seller in a financial market would be:
A. families buying new cars
B. individuals who have a savings account.
C. entrepreneurs starting new ventures.
D. the government when it needs to finance public spending.
Answer: B
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The figure above shows that the unregulated market equilibrium occurs at a tuition of ________ a year and ________ million students
A) $15,000; 7.5 B) $25,000; 15 C) $15,000; 15 D) $25,000; 7.5 E) $38,000; 7.5
Relative to the white median family income, since 1980 African-American median family income has ________ and Hispanic median family income has __________
a. increased; also increased b. fallen; also fallen c. increased; remained about the same d. fallen; increased
Which of the following presidents is remembered for his role in championing American conservation legislation?
a. Warren G. Harding b. Abraham Lincoln c. Ulysses S. Grant d. Theodore Roosevelt
In an efficient market without externalities,
A. price equals marginal private cost and is below marginal social cost. B. price equals marginal private cost and marginal social cost. C. price equals marginal private value and is below marginal external value. D. price equals marginal private value and marginal external value.