Among the most important demand side factors explaining homes prices would be the size of the
A. homebuyer's car.
B. metropolitan area and home itself.
C. home.
D. metropolitan area.
Answer: B
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When decision rights are decentralized, typically
a. decisions are being moved to those with more of the relevant information b. decisions are being moved to those with stronger incentives to make good decisions c. decisions are being moved from those with more of the relevant information d. decisions are being moved from those with weaker incentives to make good decisions
When considering the demand for money, which two assets do we assume individuals can hold?
a. Stocks and bonds b. Money and stocks c. Money and bonds d. Checking accounts and savings accounts e. Money and real estate
Which of the following is an example of an undesirable side effect of the operation of the market mechanism?
A. Negative externalities B. Comparative advantages C. Abstractions D. Productivity growth
When the price of a product decreases, the marginal revenue product curve in a perfectly competitive market
A) does not change. B) becomes steeper. C) shifts to the right. D) shifts to the left.