Consider the hypothetical supply and demand of Kidneys.
If the government allows the buying and selling of kidneys, what will be the resulting price and quantity of kidneys?
A. (0, 900)
B. (1200, 2000)
C. (1500, 900)
D. No kidneys would be exchanged.
B. (1200, 2000)
You might also like to view...
M1 includes
A) currency, checking deposits and traveler's checks. B) money, stocks and bonds. C) money, checking deposits and traveler's checks. D) money market mutual funds, stocks and bonds.
Stocks of small firms have a higher annual average return than stocks in general. Some economists attribute this to:
A) compensation for the higher risk of small firms B) lower liquidity of stocks of small firms C) higher information costs of stocks of small firms D) all of the above
Positive analysis:
A. involves the formulation and testing of hypotheses. B. involves value judgments concerning the desirability of alternative outcomes. C. weighs the fairness of a policy. D. examines if the outcome is desirable.
Explain the difference between a movement along a given output-per-laborer (or labor productivity) curve and a shift to a new output-per-laborer curve