Quantity demanded means
A) demand.
B) the amount of a good customers need.
C) the amount of a good customers ultimately desire.
D) the amount of a good customers plan to purchase at a given price.
E) the amount of a good suppliers plan to sell.
D
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Even though the number of workers in manufacturing has increased in the post-war world (since 1947), the proportion of manufacturing workers in the total labor force has declined
Indicate whether the statement is true or false
Drug companies are allowed to be monopolists in the drugs they discover in order to
a. allow drug companies to charge a price that is equal to their marginal cost. b. discourage new firms from entering the drug market. c. encourage research. d. allow the government to earn patent revenue.
Over the past 50 years, the exports of developing countries have shifted toward ___________
A) agricultural products. B) retail/wholesale. C) financial services. D) mineral products. E) manufactured products.
Which of the following if true would suggest that an expansionary gap exists in an economy?
What will be an ideal response?