A demand curve for concert tickets would show the
a. quality of people who want to buy these concert tickets.
b. number of tickets the box office is willing to sell at various prices.
c. number of people who need tickets.
d. number of tickets that will be purchased at various prices.
d. number of tickets that will be purchased at various prices.
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A public good is
a. always depletable and excludable. b. always depletable and often excludable. c. never depletable and always excludable. d. never depletable and always nonexcludable.
Common resources are goods that are excludable, rival, and prone to overuse
a. True b. False Indicate whether the statement is true or false
The Affordable Care Act will subsidize the purchase of health insurance for which of the following groups?
a. Doctors and nurses regardless of income. b. Individuals and families with incomes between 133 percent and 400 percent of the poverty level. c. Employees who belong to a labor union. d. All workers employed by firms with fewer than 50 full-time employees.
John Maynard Keynes disagreed with the classical economists because he believed that
A. wages and prices adjust slowly. B. government intervention in the economy cannot reduce business cycles. C. international trade plays a major role in the macroeconomy. D. unemployment will be eliminated quickly by the invisible hand of the market.