Which of the following observations is true?
a. An unlimited quantity of organs is available in the United States.
b. All organs are required to be donated
c. The supply curve for organs is perfectly elastic.
d. The demand curve for human organs is upward sloping.
b
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In games with more than three players, the horizontal axis measures
A) the number of players. B) payoffs. C) time. D) all of the above
In a closed economy, national savings will be:
A. lower than private savings if the government runs a deficit. B. higher than private savings if the government runs a deficit. C. lower than private savings if the government runs a surplus. D. equal to private savings if the government runs a deficit.
A speculative attack on a country with a fixed exchange rate occurs when:
A. financial market participants believe the government has a large excess of international reserves. B. financial market participants believe the government will have to devalue its currency. C. financial market participants believe the currency is undervalued. D. the country converts its gold reserves into foreign exchange.
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Mr. Lingle?s budget constraint is AC. Point A is
A. not in Mr. Lingle's opportunity set but is on his budget constraint. B. an available option and Mr. Lingle exactly spends all of his income. C. an available option and Mr. Lingle does not spend all of his income. D. not available because it represents a combination of gardenburgers and beer that Mr. Lingle cannot purchase with his current income.