An example of a "missing" market would be:
A. the market to buy and sell children for adoption.
B. the market to buy and sell a kidney.
C. the market to buy and sell dates for a Friday night.
D. All of these markets are missing.
D. All of these markets are missing.
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In the term "Free Banking," the "free" means:
a. the freedom of any state legislature to charter a bank. b. the freedom of banks to mint U.S. coins. c. the freedom of anyone to start a bank. d. None of the above are correct.
The rule of 70 provides an estimate of: a. how long it will take for a nation's economy to double in size. b. the growth rate of a nation's gross domestic product per capita. c. the level of a nation's foreign reserves
d. how long it will take for a nation's population to triple in size.
Free market economies underproduce goods with positive externalities because
A) there are no benefits to the production of these goods. B) the additional social benefits are not taken into account by the marketplace. C) the additional social benefits cannot be measured. D) the additional social benefits are too small to matter.
the diagrams best portrays the effects of a decrease in the availability of key natural resources?
Use the following diagrams for the U.S. economy to answer the following question.
A. A.
B. B.
C. C.
D. D.