Adding the quantities demanded by all consumers at every price will yield
A) the market-clearing price.
B) the number of consumers.
C) the total substitution effect from a price change.
D) the market demand curve.
D
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Taxes can adversely affect free exchange
Indicate whether the statement is true or false
If Project A has a cost of $2, and provides a benefit of $3, and Project B has a cost of $ 5 and provides a benefit of $8, which of the following statements is true?
A) The net benefit of Project A is $5. B) An individual can optimize by choosing Project B. C) Project A has a higher net benefit than Project B. D) A shift from Project A to Project B increases the net benefit by $1.
The economy recovers quickly from most recessions, but the increase in adverse selection and moral hazard problems in the credit markets caused by ________ led to the severe economic contraction known as The Great Depression
A) debt deflation B) illiquidity C) an improvement in banks' balance sheets D) increases in bond prices
The existence of differences between the average earnings of men and women
a. proves the existence of economic discrimination. b. may be partially due to factors other than economic discrimination. c. proves that men on average invest more in their human capital than women do. d. indicates that men are on average smarter than women.