A situation in which two people each want some good or service that the other person is able to provide is called a double coincidence of wants
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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We assume that in the short run in a perfectly competitive market the:
A. price is fixed. B. number of firms is fixed. C. total quantity supplied is fixed. D. All of these are true of the short run.
Economics
Bliff and Harvey in 1hr. what is the absolute advantage? 1 hr. Bliff Harvey Martins 9 12 Gin 6 9
What will be an ideal response?
Economics
Private firms cannot profitably produce a public good because of:
A. nonrivalry and nonexcludability. B. liability rules and lawsuits. C. inflation and unemployment. D. positive and negative externalities.
Economics
Private saving is defined as
A) Y + TR - C - T. B) T + G + TR. C) T - G + TR. D) Y + TR + C - T.
Economics