When the plans of buyers and sellers are fully coordinated
A) the market clears.
B) there is neither a shortage nor surplus of a good.
C) quantity demanded equals quantity supplied.
D) all of the above are true.
D
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Overcrowding under public school choice is not a problem because _____
a. parents find crowded schools undesirable b. parents do not mind sending their kids to schools far away from home c. schools have the ability to drastically expand capacity in the short-run d. schools will be extremely exclusionary
Which of the following best illustrates the concept of "derived demand"? a. An increase in the wages of autoworkers leads to an increase in the demand for robots in automobile factories. b. An auto firm decides to supply more minivans when there is a decrease in the demand for station wagons. c. An increase in the price of gasoline leads to an increase in the demand for small cars
d. An automobile firm faces an increase in the demand for cars it supplies to the market, which leads to an increase in the demand for autoworkers.
How much is the percentage of income received by the highest quintile on line R?
The World Values Survey, a group of international social scientists, who ranks the well-being of society based on social indicators ranks Puerto Rico higher than the United States. This approach to measuring well-being is similar to the approach that the text calls:
A. nominal gross domestic product. B. disposable personal income. C. genuine progress indicator. D. real gross domestic product.