The horizontal summation of all individual quantities demanded at different given prices results in the
A. market supply curve.
B. market demand curve.
C. individual demand curve.
D. equilibrium demand and supply curves.
Answer: B
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During the delivery period,
A) the futures price exceeds the price in the cash market. B) the price in the cash market exceeds the futures price. C) the futures price and the price in the cash market are equal. D) there is no discernible relationship between the futures price and the price in the cash market.
Even though the number of workers in manufacturing has increased in the post-war world (since 1947), the proportion of manufacturing workers in the total labor force has declined
Indicate whether the statement is true or false
If the interest rate increases, then the:
a. economy will move to a new point along the existing consumption function. b. consumption function will shift upward. c. investment demand curve will shift downward. d. investment demand curve will shift upward. e. economy will move to a new point along the existing investment demand curve.
Economies organize according to the principle of specialization and exchange because doing so
a. enables the government to exercise greater control than would otherwise be possible b. forces people to work longer hours than they would do normally c. eliminates the "law of increasing opportunity costs" d. enables workers to move up to management in the least amount of time e. enables greater production and higher standards of living to be realized than would otherwise be possible