Economic profits and losses are TRUE market signals because they
A) convey information in an asymmetrical fashion.
B) convey information about rewards people should anticipate experiencing by shifting resources from one activity to another.
C) convey information to public officials about where to encourage people to invest and what skills people should develop.
D) cause people to move into careers in both undesirable and desirable industries with equal ease.
Answer: B
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Refer to the figure below. If Mallory and Rick are the only two consumers in this market and the price of soda increases from $0.75 to $1.00 per can, the quantity of soda demanded in the market will ________ by ________ cans per week. 
A. decrease; 20 B. increase; 40 C. increase; 20 D. decrease; 40
Explain how deficit spending could be a burden to future generations
What will be an ideal response?
Efforts by firms to secure patents increase the amount of competition in the affected markets
Indicate whether the statement is true or false
An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits
a. True b. False