Please refer to the following diagram. 
A horizontal interpretation of the demand curve for a product
A. stipulates price as the independent variable in the price quantity relationship.
B. indicates that a buyer can buy all she/he wants to buy at a given price.
C. indicates that a seller can sell all he/she wants to sell at the given price.
D. tells what prices would be required to sell various quantities of output.
Answer: A
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Does Mr. McConaughey's marginal utility from spending time with family and friends and from breaking a sweat obey the principle of diminishing marginal utility?
A) No, neither obeys the principle of diminishing marginal utility. B) Only breaking a sweat obeys the principle of diminishing marginal utility. C) Yes, they both obey the principle of diminishing marginal utility. D) Only spending time with friends and family obeys the principle of diminishing marginal utility.
Securities exchanges pay no attention to hedge funds
a. True b. False
Intended investment is
a. always greater at a national income of $800 billion than at a national income of $500 billion b. always smaller at a national income of $500 billion than at a national income of $800 billion c. directly proportional to consumption spending d. independent of the level of national income e. always equal to intended saving
If nation A has an absolute advantage over nation B in the production of a product, this implies that
a. it requires fewer resources in A to produce the good than in B. b. the cost of producing the good in terms of some other good's production that must be sacrificed is lower in A than in B. c. nation B could not benefit by engaging in trade with A. d. nation A should acquire this product by trading with B. e. nation A could not benefit by engaging in trade with B.