For a collective consumption good, market demand is found by ______
a. horizontally summing individual demand curves
b. vertically summing individual demand curves
c. estimating a market demand function based on survey data
d. estimating a market demand function based on data from similar goods having market pricing
b
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In 2014, China had accumulated $3.8 trillion worth of reserve assets. These $3.8 trillion entered into China's balance of payments in the:
a. The total amount did not enter into China's balance of payments. Only changes enter the balance of payments. b. Reserve Account. c. Trade balance. d. Balance on goods and services. e. Financial Account.
If there is a decrease in disposable income in an economy, then:
A. Both the APC and the APS rise B. The APC rises and the APS falls C. The APC falls and the APS rises D. Both the APC and the APS fall
Which economy managed to eliminate economic profits and losses?
A) Socialist Cuba B) Socialist China C) Fascist Italy D) Nazi Germany E) None of the above.
Given the benefit function B(Y) = 200Y ? 3Y2, the marginal benefit is:
A. 200 ? 3Y. B. 200 ? 6Y. C. 200 ? 6Y2. D. 600Y.