Market demand is identical to individual demand.
Answer the following statement true (T) or false (F)
False
Market demand differs from one individual's demand curve in that the quantities are much larger, and market demand is the sum of all the individual demands for the product in the market.
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The fewer the firms that exist in a market, the: a. less responsive firms are to price changes
b. more responsive firms are to price changes. c. less responsive firms are to supply changes. d. less responsive firms are to demand changes.
If the signaling theory of education is correct,
a. education increases productivity and educated workers are paid more. b. education increases productivity but educated workers are not paid more. c. education does not increase productivity but educated workers earn more. d. education does not increase productivity and educated workers do not earn more
List the four determinants of an economy's productivity
Other things equal, an increase in the productivity of capital goods will:
A. increase the demand for loanable funds and decrease the equilibrium interest rate. B. increase the demand for loanable funds and increase the equilibrium interest rate. C. increase the supply of loanable funds and decrease the equilibrium interest rate. D. increase the supply of loanable funds and increase the equilibrium interest rate.