Marginal analysis is useful in economics, but not in other areas of life.
Answer the following statement true (T) or false (F)
False
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What is special about healthcare that makes it a good provided by the government?
What will be an ideal response?
All of the following are true for first-degree price discrimination except which one?
A) Consumers pay less for the first units that they purchase. B) In reality, it is impossible to practice. C) Each consumer pays the maximum price they are willing to pay for every unit purchased. D) Consumers receive no consumer surplus.
Monetary and fiscal policy making that is carried out in response to a pre-set rule and does not respond to changes in economic activity is known as
A) active policy making. B) discretionary policy making. C) nondiscretionary policy making. D) Keynesian policy making.
To be binding, a price floor must be set below the equilibrium price
a. True b. False Indicate whether the statement is true or false