On the consumption contract curve
A. supply equals demand of both goods.
B. there will be no further voluntary exchange.
C. all allocations are Pareto optimal.
D. All of these are true.
Answer: D
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A signal is
a. a proxy measure of job conditions b. a proxy measure of a job applicant's skills c. used by employers to indicate that a job interview is over d. an indication of an excess supply of labor e. an indication of an excess supply of qualified labor
The demand curve in monopolistic competition slopes downward because of:
a. strong barriers to entry. b. product differentiation. c. the small number of firms. d. government regulation. e. the similarities of the businesses.
Which of the following was true regarding sub-prime mortgages that were popular in 2005-2006?
a. More than 90% of these loans were made by regulated banks. b. Bankers expected higher default rates on these loans. c. They were generally fixed rate loans. d. all of the above
The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, then consumer surplus will most likely
A) increase. B) decrease. C) remain unchanged. D) There is not enough information to answer.