People obtain their money incomes basically by
A) chance.
B) hard work.
C) inheritance.
D) supplying something for which others are willing to pay.
D
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The main purpose of antitrust law is to
A) prohibit monopoly practices such as restricting output. B) regulate advertising. C) encourage the formation of cartels. D) regulate the stock and bond markets.
Explain how a price floor set above the equilibrium market price for a good can cause a surplus of that good
What will be an ideal response?
Econometrics is the statistical analysis of economic data.
A. True B. False C. Uncertain
Current income is 300, expected future income is 363, and the interest rate is 10%. If consumption is to be the same in each period, each period’s consumption must be
a) 330 b) 300 c) 331.5 d) 333 e) 363