A table which shows the quantities of a particular good or service that producers are willing to sell (supply) at various prices is known as a supply:
A. schedule.
B. graph.
C. curve.
D. figure.
Answer: A
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What is the name of the 1994 U.S. Housing and Urban Development program which randomly assigned families who applied into three groups and gave families the chance to leave their old neighborhoods?
A) the Neighborhood Gentrification Program B) Choose It or Lose It C) the Housing Choice Voucher Program D) Moving to Opportunity
Refer to Table 19-1. Suppose that a simple economy produces only four goods and services: sweatshirts, dental examinations, coffee drinks, and coffee beans. Assume all of the coffee beans are used in the production of the coffee drinks. Using the information in the above table, nominal GDP for this simple economy equals
A) 3,090 units. B) $7,250. C) $8,750. D) $9,750.
The "lemons problem" exists in the market for goods because
A) sellers tend to try to take advantage of buyers. B) buyers tend to try to take advantage of sellers. C) differences in the quality of the goods being exchanged. D) of moral hazard.
Firms violating antitrust laws are likely to be sued by the federal government, but not by rival firms
a. True b. False Indicate whether the statement is true or false