The horizontal summation of all individual demands at different given prices results in the:
A. market supply curve.
B. market demand curve.
C. individual demand curve.
D. equilibrium demand and supply curves.
Answer: B
You might also like to view...
A record of all transactions between households, firms, and the government of one country and the rest of the world is the
A) balance of trade. B) balance of payments. C) International Monetary Fund. D) government budget.
The Green GDP:
A. tries to capture the environmental effects regular GDP doesn't. B. subtracts the environmental costs of production from the positive outputs normally counted in GDP. C. values negative externalities. D. All of these statements are true.
Under a target price system, the government can adjust the deficiency payment paid to a farmer by deciding to pay some percentage of the difference between the target price and the market price.Indicate whether the statement is true or false
Which of the following is a normative statement?
A. An economy with high unemployment can be worse off than an economy with high inflation. B. A decrease in the rate of unemployment will lead to upward pressure on consumer prices. C. An increase in consumer income will lead to increased sales of beef. D. An increase in the income tax will cause a greater reduction in savings than an increase in the sales tax.